Corporate Governance

• China passes new bankruptcy law

  The National People's Congress Standing Committee passed the PRC Enterprise Bankruptcy Law(中华人民共和国企业破产法), after 12 years of drafting…

  September 02, 2006

• New brokerage rules give strict risk controls

  The China Securities Regulatory Commission (CSRC) has issued new regulations that will require China's securities companies to keep their capital provisions,…

  September 02, 2006

• Draft rules for oil-trade cause concern

  By the end of 2006, pursuant to its agreement with the World Trade Organization, China will allow foreign companies into the business of distributing petrol…

  September 02, 2006

• Ministry of Commerce, Supplementary Provisions on the Investment in, and Establishment of, Companies with an Investment Nature by Foreign Investors

  商务部关于外商投资举办投资性公司的补充规定

  Promulgated: May 26 2006Effective: July 1 2006Main contents: The Supplementary Provisions allow companies with an investment nature to make strategic investments…

  September 02, 2006

• CEPA IV: Headlines and Fine Print

  The fourth phase of the Closer Economic Partnership Arrangement (CEPA) between Hong Kong and the PRC made headline news that trade between the two sides would be further liberalized. But is Hong Kong really given that much of a head-start?

  September 02, 2006

• Supplementary Provisions on the Investment in, and Establishment of, Companies with an Investment Nature by Foreign Investors

  关于外商投资举办投资性公司的补充规定

  The Supplementary Provisions relaxes pre-requisite for foreign investment in the PRC, eligibility of investment companies being recognized as regional headquarters and foreign exchange control procedures.

  September 02, 2006

• Commercial Bribery Under Fire in China

  The PRC government increased its efforts to combat commercial bribery in China by issuing the Opinions on the Launch of Dedicated Work to Tackle Commercial Bribery. Under the new rules what practices should a company adopt when conducting business in China?

  September 02, 2006

• Opinions on Regulating the Entry of Foreign Investment into the Real Property Market and the Administration Thereof

  关于规范房地产市场外资准入和管理的意见

  The New Opinions on Foreign Investment in China Real Estate represents the PRC government's concern and determination to cool down an overheated real estate market.

  September 02, 2006

• Circular on Matters Relevant to the Entry by Foreign-invested Banks into the Market for the Provision of Overseas Financial Management Services and Custodian Services on Behalf of Customers

  关于外资银行代客境外理财业务和托管业务市场准入事项的通知

  This Circular provides implementing procedures to the earlier issued Tentative Measures for the Administration of Overseas Financial Management Services Offered by Commercial Banks on Behalf of Customers.

  September 02, 2006

• New Measures on Foreign Investment in China Real Estate

  Prohibits direct offshore ownership structure, guaranteed fixed returns for foreign-invested real estate enterprise, and heightens scrutiny in the area of equity interests transfer and merger & acquisition in real estate-related industry.

  September 02, 2006