Law Digest

• China Banking Regulatory Commission, Administration of Capital Adequacy Ratios of Commercial Banks Procedures

  中国银行业监督管理委员会商业银行资本充足率管理办法

  Minimum capital adequacy ratio for domestic and foreign commercial banks in the PRC.

  February 29, 2004

• China Securities Regulatory Commission, Questions and Answers on the Standards for Information Disclosure by Companies that Offer Securities to the Public (No. 1): Extraordinary Gain or Loss (2004 Revision)

  中国证券监督管理委员会公开发行证券的公司信息披露规范问答第1号－非常性损益(2004年修订)

  Clarifies the disclosure requirement for listed companies regarding non-recurring gain or loss.

  February 29, 2004

• Shanghai Municipality, Implementation of the System of Information and Undertaking for Administrative Examination and Approval of the Municipality Opinion (Trial Implementation)

  上海市关于本市行政审批实行告知承诺制度的意见(试行)

  Embodies a shift towards simplification of administrative approval procedures in Shanghai.

  February 29, 2004

• China Banking Regulatory Commission, Administration of Trading of Derivatives by Financial Institutions Tentative Procedures

  中国银行业监督管理委员会金融机构衍生产品交易业务管理暂行办法

  The first attempt of the PRC in setting up the framework for derivatives trading by financial institutions.

  February 29, 2004

• State Administration of Foreign Exchange, Issues Relevant to Regulation of Foreign Exchange Control on Non-resident Individuals Circular

  国家外汇管理局关于规范非居民个人外汇管理有关问题的通知

  Regulates foreign currency cash deposit and withdrawal, as well as foreign currency settlement by non-residents in the PRC.

  February 29, 2004

• State Electricity Regulatory Commission, Entry into the Power Market of the North-east Region Implementing Opinion (Tentative)

  国家电力监管委员会东北区域电力市场准入实施意见 (暂行)

  Regulates power market entry and withdrawal, information disclosure, power purchase agreements, grid connection and dispatch agreements, opening of power grides and inter-regional trading in the Northeast.

  February 29, 2004

• China Insurance Regulatory Commission, Contingency Measures for Major Unexpected Events of the Insurance Industry Provisions

  中国保险监督管理委员会保险业重大突发事件应急处理规定

  The protection of the insurance industry in possible insolvency crisis induced by large scale accidents and disasters.

  February 29, 2004

• China Securities Regulatory Commission, Contents and Formats for Information Disclosure by Companies that Offer Securities to the Public Guidelines (No. 2): Contents and Format of Annual Reports (2003 Revision)

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则 第2号〈年度报告的内容与格式〉 (2003年修订)

  Listed companies are required to diclose information on negotiable share holders, asset losses, history of funds appropriation, and external security provision.

  February 29, 2004

• State Council, Promotion of the Reform, Opening and Stable Development of the Capital Markets Several Opinions

  国务院关于推进资本市场改革开放和稳定发展的若干意见

  The Opinions acknowledges the significance of vigorously development in the capital markets, outline reform ideologies, and provides directions for future liberalizations.

  February 29, 2004

• Other Recent Legislation for this Month

  National LegislationConstructionValuation for Demolition and Removal of Urban Housing Guiding Opinion城市房屋拆迁估价指导意见4200/03.12.01Issue…

  January 31, 2004