In addition to elaborating the Tentative Measures for the Administration of Overseas Utilization of Foreign Exchange Insurance Funds, the Implementation Rules further establish the basic management structure, duties and responsibilities, their basic operations and management procedures, and their selection following market-oriented principles for the insurance company (the entrusting party), the investment management institution (the entrusted party) and the commercial bank (the custodian). The Implementing Rules also add new overseas products such as structured deposits, mortgaged-backed securities and money market funds. It also introduces independent third parties in supervising funds flow, internal control mechanisms, accounting, credit rating and assets evaluation.
Full Text Translation
- October 31, 2005
This Circular addresses issues regarding pre-tax deduction of advertisement and publicity expenses, and public welfare and relief donations by the head offices of enterprises that consolidate (combine) their tax payments.
October 02, 2005These Regulations aim to strengthen oversight over direct selling activities. Persons below 18 years of age or with limited/no civil capacity, or full time students may not be recruited as direct salesperson.
October 02, 2005This Circular aims to prove the trade administration on enterprises in bonded zones and bonded logistics parks. Enterprises and individuals in bonded zones and bonded logististics parks may lawfully obtain the right to trade and apply for the right to distribution.
October 02, 2005These Provisions restrict the leasing of radio/television channels (frequencies) to foreign entities. Furthermore, fixed periodic/live radio or television programmes produced by cooperation between local stations and foreign entities are prohibited.
October 02, 2005These Measures are formulated to standardize the administration of money brokers. This is China's first introduction to the money broker system.
October 02, 2005This Circular aims to standardize the administration of Sino-foreign equity and cooperative joint ventures that produce/distribute radio and television programmes.
October 02, 2005This Circular aims to discourage the withdrawal of venture capital investments, and to ensure lawful and orderly cross border capital flows.
September 02, 2005This Circular is concerned with purchases of production lines and integration equipments, equipments that are assembled by imported material and parts, and domestically produced equipments.
September 02, 2005These Measures specify the scope of applicability, the requirements/application/procedures for advance recovery of the investments of foreign partners in Sino-foreign joint ventures.
September 02, 2005