Allows insurance companies and insurance asset management companies to directly purchase and trade renminbi-denominated common stock, and to directly purchase convertible corporate bonds and other specified investment product.
A financial institution is required to transfer the reserve deposit to designated accounts every month. The foreign exchange reserve deposit ratio is unified at 3%.
Definition for investment in and establishment of enterprises overseas by PRC companies, and the administrative responsibilities of Ministry of Commerce.
The Procedures regulates fund offering, purchase and redemption of fund shares, fund Investments and earnings distribution, and fund shareholders' general meeting.
Regulate the procedures whereby the National Development and Reform Commission reviews and approves foreign investment projects pursuant to a new project 'confirmation system'.
Promulgated: July 15 2004Applicability: The Provisions apply to all types of enterprises and institutions in the municipality in possession of state-owned…
Promulgated: October 9 2004Effective: November 15 2004Applicability: For the purposes of the Procedures, "senior management personnel of securities companies"…
Promulgated: September 22 2004Effective: October 1 2004Applicability: For the purposes of the Procedures, "senior management personnel of the securities…