Corporate Governance

• Shanghai Municipality, Issue of the Industrial Direction for Foreign Investment Circular

  关于发布上海市外商投资产业导向的通知

  Issued: September 15 2003Main contents: Appendix One of the Circular list the key types of foreign investment encouraged in Shanghai classified in such…

  October 02, 2003

• Land Use Rights as a Cooperation Condition:An Analysis

  By Wantao Yang, Llinks Law Office, ShanghaiAs most readers know, China has adopted a piecemeal approach in its commercial law reform agenda. It has designed…

  October 02, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosure by Companies That Offer Shares to the Public Guidelines (No.21): Prospectuses for Public Issue of Bonds by Securities Companies

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第21号－证券公司公开发行债券募集说明书

  Issued: August 29 2003Effective: October 8 2003Main contents: Securities companies applying for public issue of bonds must prepare a prospectus and a summary…

  October 02, 2003

• Shenzhen Stock Exchange and China Securities Depository and Clearing Limited Shenzhen Branch, Takeover of Listed Companies by Offer Guidelines

  深圳证券交易所、中国结算深圳分公司上市公司要约收购业务指引

  Issued: July 18 2003Main contents: The Guidelines explain the procedures to be followed if the purchaser is paying cash or paying by transfer of shares…

  October 02, 2003

• China Securities Regulatory Commission, Issue of Credit Rating Reports by Credit Rating Institutions on Securities Company Bonds Guidelines

  中国证券监督管理委员会资信评级机构出具证券公司债券信用评级报告准则

  Issued: August 29 2003Effective: October 8 2003Main contents: Before issuing the report, the institution must carry out due diligence and confirm that…

  October 02, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosure by Companies That Offer Shares to the Public Guidelines (No.22): Securities Company Bonds Listing Announcements

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第22号－证券公司债券上市公告书

  Issued: August 29 2003Effective: October 8 2003Main contents: Securities companies issuing bonds to the public must prepare a listing announcement prior…

  October 02, 2003

• China Securities Regulatory Commission, Information Disclosure of Private Issue of Bonds by Securities Companies Guidelines

  中国证券监督管理委员会证券公司定向发行债券信息披露准则

  Issued: August 29 2003Effective: October 8 2003Main contents: The issuer should ensure that qualified investors who participate in the subscription or…

  October 02, 2003

• Shanghai Municipality, Acquisition of State-owned Enterprises in the Municipality by Foreign Investors Several Opinions Implementing Rules

  上海市关于外资井购本市国有企业若干意见的实施细则

  Issued: August 4 2003Effective: as of date of issueMain contents: The Rules detail the application procedure for acquisition of State-owned enterprises…

  October 02, 2003

• Other Recent Legislation for this Month

  National LegislationRailway and RoadsAdministration of the Construction of Railroads Procedures 铁路建设管理办法L4400/03.07.31Asset ValuationAppraisal…

  October 02, 2003

• Filling the Glass Half Full: The WTO and Structural Reform in China

  Most analyses of China's WTO commitments haven't shed much light on how the challenge of implementing the sweeping reforms necessary will be accomplished. Nor, the author argues, do they address the fundamental issue of whether PRC government structure is even up to the task.

  October 02, 2003