Corporate Governance

• PRC Anti-money Laundering Law

  中华人民共和国反洗钱法

  This law aims to address the issue of money laundering in China and impose criminal liabilities on violators. A department of the State Council is in charge of overseeing anti-money laundering measures nation-wide.

  November 30, 2006

• New PRC Legislation against Money Laundering

  How will the new PRC Anti-money Laundering Law limit or promote the business scope of financial institutions and foreign-invested enterprises?

  November 30, 2006

• Broader Investment Choices for Insurance Companies

  Will the Circular on the Investment in the Equity Interests of Commercial Banks by Insurance Institutionsdiminish benefits for foreign investors? How will local insurers manage the new dimension of competition?

  November 30, 2006

• A Rule Pushed by the Market: China's New Measures for Offering and Underwriting Securities

  Upon reopening its market to IPOs, China's Securities Regulatory Commission introduced new Measures which change the way underwriters and institutions conduct IPO price inquiries. What do these Measures entail and how will they affect China's market in the future?

  November 30, 2006

• Circular on Issues Relevant to Foreign Exchange Control with Respect to Overseas Securities Investments of Fund Management Companies

  关于基金管理公司境外证券投资外汇管理有关问题的通知

  This Circular addresses some of the issues in relation to foreign financial investments and asset management. The scopes of foreign exchange business and income are stipulated. Matters regarding the source of investment funds and their management are clarified.

  November 30, 2006

• Sellers' Remedies and Strategies when Dealing with Financially-Distressed Buyers in the United States and Taiwan

  The United States and Taiwan are among China's top trading partners. How do Chinese companies navigate two different legal systems to recover their losses from defaulting parties?

  November 30, 2006

• Measures for the Administration of the Offering and Underwriting of Securities

  证券发行与承销管理办法

  The price of an IPO shall be ascertained by an approved inquiry recipient. The procedures and limitations regarding the sale and underwriting of securities are stipulated.

  November 30, 2006

• Circular on the Investment in the Equity Interests of Commercial Banks by Insurance Institutions

  关于保险机构投资商业银行股权的通知

  This Circular aims to enhance the investments of insurance capital. Insurance institutions may now invest in the equity of unlisted banks. Investment qualifications, withdrawal mechanism, and risk management are also covered.

  November 30, 2006

• Landmark Regulations Expand China's Banking Sector

  How do the new Regulations for the Administration of Foreign-invested Banks, enacted to fulfil China's WTO commitment, affect business for domestic and foreign banks?

  November 30, 2006

• China to develop global accountancy firms

  In a draft policy paper released for industry comment by the Chinese Institute of Certified Public Accountants (CICPA), China aims to develop at least…

  October 31, 2006