Corporate Governance

• Shanghai Municipality, Simplifying the Examination and Approval Procedures for Applications for Establishment of Foreign-invested Enterprises Circular

  上海市关于简化外商投资企业申请设立审批程序的通知

  Issued: July 10 2002Effective: August 1 2002Main contents: The Circular removes the procedure for examination and approval of a project initiation report…

  October 31, 2002

• Market Access Report: Construction

  China's US$400 billion construction industry already accounts for nearly 7% of the country's GDP, and anyone who has visited China in recent years will…

  October 31, 2002

• Implementing Rules on Bidding for Water Transport and Highway Projects

  The PRC Invitation and Submission of Bids Law  (中华人民共和国招标投标法) (the Bidding Law) has sought to ensure that all contracts for…

  October 31, 2002

• Reinsurance: New Area Open for Foreign Investment

  The Reinsurance Provisions finally complete the legal framework for foreign investment in the reinsurance sector in China.

  October 31, 2002

• China Securities Regulatory Commission, Contents and Formats for Companies in Information Disclosure Guidelines (No. 3): Contents and Format of Interim Reports

  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3号 - 半年度报告

  Issued: June 22 2002Applicability: The Guidelines are applicable to companies that issue shares to the public and are listed on a stock exchange in the…

  October 02, 2002

• Ministry of Finance, Management and Financial Treatment of State Capital in Enterprise Corporate Restructuring Tentative Provisions

  财政部企业公司制改建有关国有资本管理与财务处理的暂行规定

  Promulgated: July 27 2002Effective: August 27 2002Applicability: "Enterprise corporate restructuring" means the approved restructuring of State-owned enterprises…

  October 02, 2002

• Department of Public Offering Supervision of China Securities Regulatory Commission, Standards for Examination and Verification of Share Issues Memorandum No.13 - Examination and Verification Standards for Tax Reduction, Exemption and Refund, and for Government Subsidies and Financial Appropriation

  中国证监会发行监管部股票发行审核标准备忘录第13号 －关于税收减免与返还、政府补贴、财政拨款的审核标准

  Issued: September 4 2002Main contents: Section One of the Standards states that the issuer's lawyer shall issue a clear opinion regarding the legal basis…

  October 02, 2002

• State Administration for Industry and Commerce,The Question of Whether Shareholder Borrowing Is Surreptitiously Withdrawing Capital Contribution Reply

  国家工商行政管理总局关于股东借款是否属于抽逃出资行为问题的答复

  Issued: July 25 2002Main contents: The Reply clarifies that a company has full legal person property rights formed by its shareholders' investments. Thus…

  October 02, 2002

• Department of Public Offering Supervision of China Securities Regulatory Commission, Standards for Examination and Verification of Share Issues Memorandum No.14 - Examination and Verification Requirements for Major Affiliated Transactions and Other Matters of Companies that Offer Securities to the Public

  中国证监会发行监管部股票发行审核标准备忘录第14号 －关于公开发行证券的公司重大关联交易等事项的审核要求

  Issued: September 5 2002Main contents: The Memorandum imposes additional disclosure requirements on companies that apply for issuance of new shares and…

  October 02, 2002

• The Reform of PRC Corporate Bankruptcy Law: Slowly but Surely

  With the promulgation by the Supreme People's Court (SPC) of the Several Issues on Trial of Enterprise Bankruptcy Cases Provisions (the Provisions), the PRC is demonstrating that attempts are being made to reform bankruptcy law.

  October 02, 2002