Law Digest

• China Banking Regulatory Commission, Circular on Further Strengthening Market Risk Management of Commercial Banks

  中国银行业监督管理委员会关于进一步加强商业银行市场风险管理工作的通知

  Commercial banks asked to pay attention to market risk management.

  January 31, 2007

• China Insurance Regulatory Commission, Measures for the Administration of Resident Representative Organizations in China of Foreign Insurance Institutions

  中国保险监督管理委员会外国保险机构驻华代表机构管理办法

  More requirements imposed on representative offices of foreign insurance organizations.

  January 31, 2007

• People's Bank of China, Provisions for the Administration of Market Makers of the National Interbank Bond Market

  中国人民银行全国银行间债券市场做市商管理规定

  Access requirements to the National Interbank Bond Market for market makers lowered.

  January 31, 2007

• China Banking Regulatory Commission, Implementing Measures for Matters Subject to Administrative Licensing of Chinese-invested Commercial Banks (Amended)

  中国银行业监督管理委员会中资商业银行行政许可事项实施办法(修订)

  QFIIs no longer given preference as investors in Chinese banks.

  January 31, 2007

• Civil Aviation Administration of China, Ministry of Commerce and National Development and Reform Commission, Supplementary Provisions for the «Provisions for Foreign Investment in Civil Aviation» (2

  中国民用航空总局、商务部、国家发展和改革委员会《外商投资民用航空业规定》的补充规定（二）

  Greater market access for Hong Kong and Macao air transport sales agencies.

  January 31, 2007

• Ministry of Justice, Measures for the Administration of Mainland Representative Offices of Law Firms from Hong Kong and Macao Special Administrative Regions (2nd Revision)

  司法部香港、澳门特别行政区律师事务所驻内地代表机构管理办法 (第二次修正)

  Residency requirement for representatives of Hong Kong and Macao law firm representative offices lifted.

  January 31, 2007

• Ministry of Justice, Measures for the Administration of Associations Between Law Firms of the Hong Kong and Macao Special Administrative Regions and Mainland Law Firms (2nd Revision)

  司法部香港特别行政区和澳门特别行政区律师事务所与内地律师事务所联营管理办法 (第二次修正)

  The requirement on the number of full-time lawyers employed by Mainland law firms that operate in association with Hong Kong or Macao law firms is waived.

  January 31, 2007

• National Development and Reform Commission, Circular Concerning the Opinion on Adjusting the Structure of the Motor Vehicle Industry

  国家发展和改革委员会关于汽车工业结构调整意见的通知

  Car manufacturers required to be more careful in managing their production capacity.

  January 31, 2007

• PRC Anti-money Laundering Law

  中华人民共和国反洗钱法

  Promulgated: October 31 2006Effective: January 1 2007Main contents: The Law comprises:Part One: General ProvisionsPart Two: Anti-money Laundering OversightPart…

  November 30, 2006

• Other Recent Legislation for this Month

  National LegislationACCOUNTINGCircular on Implementation of the (Enterprise Accounting Guidelines) by Securities Companies 关于证券公司执行《企业会计准则》的通知L3100/06.11.27(1)Circular…

  November 30, 2006