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.
The Procedures represents the China Banking Regulatory Commission's administration of offshore financial institutions' investment and equity participation in Chinese-invested banks, credit cooperatives, and finance companies. Rules are stipulated as to the eligibility of investing offshore institutions (including the year-end total assets, credit ratings, profitability, capital adequacy ratio) and the maximum investment and equity participation ratio. CBRC's approval is required under the Procedures for the application for foreign investment, the change in registered capital or equity structure, as well as shareholders composition. Hong Kong, Macao and Taiwan institutions are regarded as foreign institutions under the Procedures.
By Susan Finder with assistance from Peter Bazos, Freshfields Bruckhaus Deringer, Hong KongChina's current five-year plan (2001-2005) attests to the commitment…
Issued: November 17 2003Main contents: The Official Reply states that real property administrative authorities can revoke wrong cancellations of mortgage…
Issued: October 20 2003Main contents: The Reply clarifies that the adjustment made by the Several Issues Concerning the Trial of Civil Dispute Cases Relating…
Issued: October 24 2003Main contents: The Notice states that from December 1 2003 foreign-invested financial institutions may apply to engage in renminbi…
Issued: November 20 2003Main contents: The Notice elaborates on the criteria for providing domain name registration services mentioned in Article 12 of…
Promulgated: December 8 2003Effective: December 31 2003Interpreting authority: China Banking Regulatory Commission (CBRC)Applicability: "Offshore financial…
Issued: October 24 2003Effective: January 1 2003Main contents: The Circular details the follow-up administration after the cancellation of the examination…