Law Digest

Promulgated: October 22 2004Effective: January 1 2005Main contents: The municipality shall implement a compulsory third-party liability insurance system…

Issued: July 15 2004Main contents: Funds established or verified prior to the implementation of the Administration of Securities Investment Fund Operations…

National LegislationConstitution and Legal SystemMinistry of Justice Announcement (No.35): 35 Mainland Representative Offices of Hong Kong Law Firms Approved…

Removes State Council approval requirement for share issuance above par.

Inserting the concept of state expropriation.

Guideline for the issuance, investment ratio, investment term, risk control and compliance procedures in relation to insurance company's subordinated debt investment.

Application requirements for foreign-funded auto finance companies to open foreign exchange capital fund accounts with Chinese banks.

Issued: August 17 2004Main contents: The Circular elaborates Article 14 of the Registration for the Record of Foreign Trade Operators Procedures. Foreign-invested…

As state-owned enterprise reform continues, the Circular resolves ambiguities as to how state-owned assets and shares are to be disposed.