Law Digest

• State Administration of Foreign Exchange, Circular on Issues Relevant to the Handling of the Renminbi-foreign Exchange Option Portfolio Business by Banks

  国家外汇管理局关于银行办理人民币对外汇期权组合业务有关问题的通知

  Safe puts forward risk-reversal option portfolios.

  December 06, 2011

• State Council, PRC Tentative Regulations on Resource Tax (Revised)

  国务院中华人民共和国资源税暂行条例 (修订)

  Ad valorem method used for calculation of resource tax for crude oil and natural gas.

  December 06, 2011

• China Insurance Regulatory Commission, Measures for the Administration of the Capital Guarantee Funds of Insurance Companies

  中国保险监督管理委员会保险险公司资本保证金管理办法

  Insurance companies required to deposit capital guarantee funds in more than one bank.

  December 06, 2011

• China Insurance Regulatory Commission, Measures for the Administration of the Anti-money Laundering Work in the Insurance Industry

  中国保险监督管理委员会保险业反洗钱工作管理办法

  New anti-money laundering measures prohibit equity investment from unlawful fund sources.

  November 08, 2011

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

  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

  Issue of subordinated debt with fixed term by insurance companies tightened.

  November 08, 2011

• People's Bank of China, Measures for the Administration of Renminbi Settlement Matters Relating to Foreign Direct Investment

  中国人民银行外商直接投资人民币结算业务管理办法

  More outbound cross-border Rmb investments expected from FDI earnings.

  November 08, 2011

• State Council, PRC Regulations for the Exploitation of Onshore Oil Resources in Cooperation with Foreign Parties (3rd Revision)

  国务院中华人民共和国对外合作开采陆上石油资源条例 (第三次修订)

  Onshore oil exploitation pays resource tax.

  November 08, 2011

• China Securities Regulatory Commission, Provisions for the Establishment of Management Systems for the Registration of Persons Who Have Knowledge of Insider Information by Listed Companies

  中国证券监督管理委员会关于上市公司建立内幕信息知情人登记管理制度的规定

  Listed companies required to set up files of persons with insider information.

  November 08, 2011

• Other Recent Legislation for This Month

  National legislationBankingSupplementary Circular on Supporting Further Improvement of Financial Services for Small and Micro-enterprises by Commercial…

  November 08, 2011

• State Administration of Foreign Exchange, State Administration of Taxation and General Administration of Customs, Announcement on the Pilot Reform of the Foreign Exchange Control System for Trade in Goods

  国家外汇管理局、国家税务总局、海关总署关于货物贸易外汇管理制度改革试点的公告

  Export foreign exchange procedures streamlined.

  November 08, 2011