Corporate Governance

The China Securities Regulatory Commission (the CSRC) has promulgated new regulations that provide a long-awaited basis1 for the creation of foreign invested fund management companies in China.

Issued: June 5 2002Effective: as of date of issueInterpreting authority: Development Planning Commission of Beijing MunicipalityMain contents: Section…

Issued: June 1 2002Effective: January 1 2002Main contents: The Circular states that income derived from investments in addition to those prescribed in…

A detailed set of rules which governs the establishment of fund management companies with foreign equity participation.

The China Securities Regulatory Commission (the CSRC, China's securities regulatory body), issued the Establishment of Securities Companies with Foreign Equity Participation Rules (the Securities JV Rules or the Rules) on June 1 2002. The Rules set out the conditions and procedures for the establishment of Chinese-foreign securities joint venture companies and they represent a limited opening up of China's securities industry to foreign investors.

Jones, Day, Reavis & PogueChinese consumers spent a whopping US$300 billion on food and beverages (F&B) in 2000, accounting for 43% of total consumer…

A set of rules which govern the establishment of securities companies with foreign equity participation.

A set of procedures on the establishment of representative establishments in China of foreign-funded financial institutions.

On June 29 2002, the new Government Procurement Law (GPL) was promulgated and it aims at the establishment of a comprehensive system of Government procurement.