Corporate Governance

• Department of Public Offering Supervision of China Securities Regulatory Commission, Standards for Examination and Verification of Share Issues Memorandum (No. 15): Examination and Verification Guidelines on Issues Concerning Continuing Profitability in the Recent Three Years and Continuous Calculation of Operating Results

  中国证监会发行监管部股票发行审核标准备忘录(第15号) - 关于最近三年内连续盈利及业绩连续计算问题的审核指引

  Issued: September 27 2002Main contents: The Guidelines provide the criteria for determining whether an issuer can be deemed profitable for the last three…

  February 28, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies that Offer Securities to the Public Guidelines (No. 2): Contents and Format of Annual Reports (Revised in 2002)

  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2号(年度报告的内容与格式)(2002年修订)

  Issued: January 6 2003Effective: as of date of issueInterpreting authority: China Securities Regulatory CommissionApplicability: Companies limited by shares…

  February 28, 2003

• China Securities Regulatory Commission, Questions Relevant to the Examination and Approval for the Establishment of Securities Investment Funds Circular

  中国证券监督管理委员会关于证券投资基金设立审核有关问题的通知

  Issued: November 26 2002Effective: as of date of issueMain contents: Section One relates to the submission of application materials. It requires founders…

  February 28, 2003

• Launching Funds in China

  The past several years have seen continuous growth in China's investment funds market, and especially in open-end funds. The China Securities Regulatory…

  February 28, 2003

• China's Revised Venture Capital Rules: Limited Partnerships with Chinese Characteristics?

  Rules on foreign-invested venture capital enterprises were promulgated in 2001, but fell considerably short of expectations. New rules in this important area have recently been issued. Have they overcome the limitations of the prior rules?

  February 28, 2003

• Guangzhou City, Administration of Urban Real Property Agency Services Regulations

  广州市房地产中介服务管理条例

  Adopted: July 17 2002Effective: January 1 2003Applicability: "Real property agency services" is defined as the provision of such business services as consultancy,…

  February 28, 2003

• State Administration of Taxation, Issues Relevant to Taxation of Foreign-invested Enterprises and Foreign Enterprises Engaged in Disposal of Financial Assets Circular

  国家税务总局关于外商投资企业和外国企业从事金融资产处置业务有关税收问题的通知

  Issued: January 7 2003Interpreting authority: State Administration of TaxationApplicability: Disposal of financial assets refers to enterprises that obtain,…

  February 28, 2003

• FIE Financing and the New Foreign Debt Measures

  The PRC's new Foreign Debt Administration Tentative Procedures set out tighter foreign debt registration requirements, while collecting and putting a high-level government imprimatur on various policies and practices.

  February 28, 2003

• Foreign Strategic Investment in a PRC Domestic Bank

  Driven by the desire to gain a better position before China fully opens its banking sector according to its WTO commitment, and encouraged by several precedents…

  February 28, 2003

• Trial of Civil Damages Cases Arising from Misrepresentation in the Securities Market Several Provisions

  关于审理证券市场因虚假陈述引发的民事赔偿案件的若干规定

  These provisions govern the procedures and administration of cases and disputes that arises out of Misrepresentation in the Securities Market

  February 28, 2003