Law Digest

• State Administration of Foreign Exchange, Circular on Issues Relevant to Foreign Exchange Control in Connection with Overseas Listing

  国家外汇管理局关于境外上市外汇管理有关问题的通知

  SAFE streamlines forex procedures for overseas listing.

  February 28, 2013

• National Association of Financial Market Institutional Investors, Self-disciplinary Guidelines on the Credit Rating Business for Debt Financing Instruments of Non-financial Enterprises

  中国银行间市场交易商协会非金融企业债务融资工具信用评级业务自律指引

  The first self-disciplinary system of China's interbank market for credit rating.

  February 28, 2013

• China Insurance Regulatory Commission, Circular on Matters Relevant to Strengthening and Improving the Establishment of the Investment Management Capabilities of Insurance Institutions

  中国保险监督管理委员会关于加强和改进保险机构投资管理能力建设有关事项的通知

  CIRC strengthens risk control by monitoring investment capabilities of insurance companies.

  February 28, 2013

• China Securities Regulatory Commission, Provisions for the Regulation of Branches of Securities Companies (Draft for Comments)

  中国证券监督管理委员会证券公司分支机构监管规定 (征求意见稿)

  Issued: January 31 2013Main contents: The Draft lifts the restrictions on the number and geographical locations of the branches of securities companies.…

  February 28, 2013

• General Office of the China Insurance Regulatory Commission, Tentative Provisions for the Administration of the Sale of Securities Investment Funds by Insurance Institutions (Draft for Comments)

  中国保监会办公厅保险机构销售证券投资基金管理暂行规定 (征求意见稿)

  Issued: January 11 2013Main contents: The Draft sets out the criteria for sale of securities investment funds for insurance institutions:(1) insurance…

  February 28, 2013

• China Insurance Regulatory Commission, Measures for the Administration of Subordinated Debt with Fixed Term of Insurance Companies (Amendment Proposal)

  中国保险监督管理委员会保险公司次级定期债务管理办法 (修改方案)

  Issued: January 22 2013Main contents: The CIRC has proposed to revise Article 5 to allow insurance group (holding) companies to offer subordinated debt…

  February 28, 2013

• Supreme People's Court, Interpretation on Several Issues Concerning the Application of the Law in the Trial of Criminal Cases on Refusal to Pay Labour Remuneration

  最高人民法院关于审理拒不支付劳动报酬刑事案件适用法律若干问题的解释

  Interpretation gives definition to labour remuneration.

  February 21, 2013

• China Securities Regulatory Commission, Regulatory Guidelines for Listed Companies No.2 — Regulatory Requirements in Respect of Management and Use of Proceeds Raised by Listed Companies

  中国证券监督管理委员会上市公司监管指引第2号——上市公司募集资金管理和使用的监管要求

  Idle proceeds allowed to be used to purchase investment products.

  February 07, 2013

• China Insurance Regulatory Commission, Circular on Matters Relevant to the Registration of Bond Investment Plans

  中国保险监督管理委员会关于债权投资计划注册有关事项的通知

  Establishment of bond investment plans by insurance companies now only requires registration.

  February 07, 2013

• Other Recent Legislation In These Two Months

  National legislationInsuranceMeasures for the Regulation of Insurance Sales Personnel 保险销售从业人员监管办法L3910/13.01.06Investment instrumentsElements…

  January 11, 2013