Corporate Governance

• Foreign HR firms can control JVs in China

  Foreign human resources firms such as Manpower are now allowed to control joint venture firms (JVs) with stakes of up to 70% if they agree to register…

  September 01, 2006

• Case Study: Minority Acquisition of a Listed State-owned Enterprise in China

  Listed state-owned enterprises (SOEs) present strategic foreign investors with attractive investment opportunities, as they seem to have a pricing advantage and better corporate governance compared with domestic private companies. However, what challenges are involved in acquiring a minority stake in a listed SOE?

  September 01, 2006

• New terms for renminbi business by foreign banks

  The China Banking Regulatory Commission (CBRC) has circulated a draft notice detailing the requirements for foreign banks to conduct retail business in…

  September 01, 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 01, 2006

• Foreign retailers face curbs on expansion plans

  New rules currently under review by the State Council on large-scale shopping outlets could impede expansion plans by foreign retailers such as Wal-Mart…

  September 01, 2006

• Ministry of Commerce, Ministry of Finance, General Administration of Customs and State Administration of Taxation, Tentative Measures for Checking of the Export of Products of Foreign-invested Enterprises in the Permitted Category Whose Products are Directly Exported in Full

  商务部、财政部、海关总署、国家税务总局产品全部直接出口的允许类外商投资企业产品出口情况检查暂行办法

  Promulgated: March 31 2006Effective: as of date of promulgationInterpreting authorities: Ministry of Commerce in conjunction with Ministry of Finance,…

  July 02, 2006

• China Securities Regulatory Commission, Measures for the Administration of Initial Public Offerings of Shares and the Listing Thereof

  中国证券监督管理委员会首次公开发行股票并上市管理办法

  Promulgated: May 17 2006Effective: May 18 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Offering ConditionsPart Three:…

  July 02, 2006

• China Securities Regulatory Commission, Measures for the Administration of Securities Offerings by Listed Companies

  中国证券监督管理委员会上市公司证券发行管理办法

  Promulgated: May 6 2006Effective: May 8 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Conditions for the Public Offering…

  July 02, 2006

• State Administration for Industry and Commerce, Ministry of Commerce, General Administration of Customs and State Administration of Foreign Exchange, Implementing Opinions on Several Issues Concerning the Application of the Law in the Administration of the Examination, Approval and Registration of Foreign-invested Companies

  国家工商行政管理总局、商务部、海关总署、国家外汇管理局关于外商投资的公司审批登记管理法律适用若干问题的执行意见

  Issued: April 24 2006Main contents: The Implementing Opinions elaborate on how to apply the PRC Company Law, the PRC Regulations for the Administration…

  July 02, 2006

• Takeover Defences under PRC Law (Part II)

  By Liu [email protected] www.sullcrom.comA publicly-listed company is typically managed or controlled by a board of directors. The success…

  July 02, 2006