The China Bank Regulatory Commission is reviewing applications by five commercial banks to establish finance leasing companies. How will this new business vehicle impact the Chinese finance leasing landscape?
The Rules, tightening tort liability for accounting firms in conducting audits, are a crucial step towards preventing accounting firms from liability evasion in civil tort cases and building investors' confidence.
The Reply clarifies under which case an enterprise assigns interests in, or risks attaching to, an asset through a sale-leaseback transaction it shall be deemed to have transferred all or part of the ownership of the immovable property.
Requiring that employers conclude written employment contracts with all full-time employees within 30 days of their start date, the law provides basic requirements for the establishment, implementation, amendment and termination of these contracts.
This circular revises the scope of overseas investment, and sets out conditions on offering a product of overseas financial management in overseas stocks.
The Tentative Measures stipulates requirements for engaging in entrusted overseas financial management business, the limit of foreign exchange payments for investments and fund management, risk management and transparency of business.
This law strengthens the administration of commercial franchising activities, regulates the order of the franchising market, and provides requisite application procedures.
This law aims to establish the regulatory framework for business activities of trust companies and promote the healthy development of the trust industry.
The franchisor is required to disclose certain information to the franchisee in writing at least 30 days before the conclusion of franchise contract. A confidential agreement may be executed before information is disclosed.