Full Text Translation

• Trial Measures for the Administration of Overseas Securities Investment by Qualified Domestic Institutional Investors

  合格境内机构投资者境外证券投资管理试行办法

  This law regulates investments in overseas securities by qualified domestic institutional investors and to protect the interests of investors. Parts Two and Three set out the requirements for being a qualified domestic institutional investor (QDII), and an oversea investment consultant. Part Four deals with the custody of assets, power and duties of a custodian, and the appointment of an overseas asset custodian. Part Five is concerned with the duties and transparency of the QDII. Part Six sets out the limit of fund management.

  September 02, 2007

• Tentative Measures for the Administration of Overseas Investment of Insurance Capital

  保险资金境外投资管理暂行办法

  These Tentative Measures strengthen the administration of overseas investment of insurance capital, and to protect the interests of involved parties, whilst at the same time further relaxing overseas investment of insurance capital.

  September 02, 2007

• Provisions on Several Issues Concerning the Application of the Law in Trials of Foreign-related Civil and Commercial Contract Disputes

  关于审理涉外民事或商事合同纠纷案件法律适用若干问题的规定

  This Provisions aims to further clarify the issue on the conflict of laws for foreign-related civil and commercial contract disputes and recognizes the parties' expressed choice of laws.

  September 02, 2007

• Regulations for the Administration of Futures Trading

  期货交易管理条例

  This law aims to regulate futures trading, to protect parties involved in such trading, and to promote the development of the futures market. Part Two covers the establishment of futures exchanges, as approved by the State Council's futures regulatory authority. Part Three deals with the formation of futures companies. Part Four sets out the basic rules of futures trading. Part Five provides a self regulatory system for the futures industry. Parts Six and Seven are concerned with the checks and control system, and legal liability of violators.

  September 02, 2007

• Measures for the Administration of Lease Financing Companies

  金融租赁公司管理办法

  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?

  July 02, 2007

• Several Provisions on the Trial of Cases Involving Civil Tort Compensation in Connection with Audit Activities by Accounting Firms

  关于审理涉及会计师事务所在审计业务活动中民事侵权赔偿案件的若干规定

  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.

  July 02, 2007

• Circular on Further Strengthening and Standardizing the Examination, Approval and Regulation of Direct Investment in Real Property by Foreign Investors

  关于进一步加强、规范外商直接投资房地产业审批和监管的通知

  Possession of the leasehold or property ownership is required before establishing a foreign-invested real property company.

  July 02, 2007

• Official Reply on the Issue of the Income Tax Treatment of Sale-leaseback Transactions by Foreign-invested Enterprises that Engage in Real Property Development

  关于从事房地产开发的外商投资企业售后回租业务所得税处理问题的批复

  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.

  July 02, 2007

• PRC Employment Contract Law

  中华人民共和国劳动合同法

  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.

  July 02, 2007

• Circular on Revising the Scope of Overseas Investment for Overseas Financial Management Services on Behalf of Customers of Commercial Banks

  关于调整商业银行代客境外理财业务境外投资范围的通知

  This circular revises the scope of overseas investment, and sets out conditions on offering a product of overseas financial management in overseas stocks.

  June 02, 2007