A relief in the restriction of the types of financial products offered by commercial banks broadens and diversifies the personal wealth management services they offer.
February 28, 2006
Full Text Translation
The Provisions amend and regulate previous laws on capital contribution in cash and in kind, the minimum registered capital amount, the first capital contributions amount, and other relevant matters.
February 28, 2006The Measure regulates banking services provided through internet, telephone, handset, self-service banks and ATM. The banking institution must establish corresponding mechanism for the search, monitoring and processing of false data.
February 28, 2006(Issued by the Ministry of Finance and the State Administration of Taxation on, and effective as of, January 9 2006.)
January 31, 2006While it maintains the existing distinction between partial and full foreign-invested enterprise status, the Measures have new stipulations on investor qualifications, share transfer regulations, general offer requirements, corporate procedures and methods of acquisition payment.
January 31, 2006This Law regulates the public offering and trading of securities, takeover of listed companies, stock exchanges, supervision of securities companies, securities depository and clearing institutions, securities service institutions, securities associations, and the securities regulatory authority.
January 31, 2006The Circular specifies the circumstances under which there is a disposal of assets internally and the circumstances under which it is not deemed a disposal of assets internally.
November 30, 2005The Circular clarifies the refund of enterprise income tax in connection with re-investments by foreign investors of profits distributed after equity transfers.
November 30, 2005This Circular provides that domestic debts of at least US$200K with repayment duration of at least 180 days will be administered through foreign debt registraion. Some pre-Circular interpretation conflicts and practical enforcement problems are also solved.
November 30, 2005This Law provides that a company is a separate legal entity from its shareholders. Two types of companies are allowed: limited liability company (LLC), and companies limited by shares.
November 30, 2005