Repealing its 1999 predecessor, the new Procedures simplies application and approval procedures for setting up a Chinese representative office for foreign insurance firms.
Promulgated: December 4 2003Effective: January 10 2004Applicability: Landing of foreign satellite television within designated districts in China approved…
Prerequisites for Hong Kong and Macao service providers in setting up joint venture and whooly owned international freight forwarding agencies in the PRC.
The Procedures apply to law firms having already established representative offices in the Mainland. Association with Mainland law firms may not take the form of a partnership or a legal person, and shall retain independence of both parties in terms of legal status, names and finances. Fulfilling criteria listed therein, the Procedures provide application procedures for association submitted by the Hong Kong and Macao SAR law firms.
New distribution regulations released in 2003 as well as the landmark M&A rules have changed the landscape for foreign investment in publishing distribution.
China has revised two of the country's key commercial banking laws, and has issued a concrete formulation of the role and responsibilities of the China Banking Regulatory Commission and this has been welcomed by industry watchers.