Law Digest

• PRC Banking Regulation Law

  中华人民共和国银行业监督管理法

  The PRC Banking Regulation Law establishes a new banking supervision institution – the China Banking Regulatory Commission (CBRC) – to oversee the regulation for all banking institutions and activities in China.

  January 31, 2004

• Ministry of Justice Announcement No.25 (Approval of three representative offices of foreign law firms and three of Hong Kong law firms)

  司法部公告第25号 (准予三家外国律师事务所在华设立代表处，三家香港律师事务所在内地设立代表处)

  The Procedures applies to law firms having already established representative offices in the Mainland. Association with Mainland law firms shall not take the form of a partnership or a legal person, and shall retain independence of both parties in terms of legal status, names and finances. Fulfilling criteria listed in therein, the Procedures provide application procedures for association submitted by the Hong Kong and Macau SAR law firms.

  January 31, 2004

• China Securities Regulatory Commission, Issues Relevant to Regulating the Acts of Transferring the Actual Controlling Power of Listed Companies Circular

  中国证券监督管理委员会关于规范上市公司实际控制权转移行为有关问题的通知

  Imposes restrictions on the listed companies in case of a change in leading shareholders.

  January 31, 2004

• Ministry of Commerce, «Establishment of Sino-foreign Foreign Trading Joint Ventures Tentative Procedures» Supplementary Provisions

  商务部《关于设立中外合资对外贸易公司暂行办法》补充规定

  Qualifications for Hong Kong and Macao service providers in setting up joint ventures or wholly-foreign-owned companies in the PRC.

  January 31, 2004

• Supreme People's Court, Several Issues Concerning the Laws Applicable to the Trial of Copyright Disputes Involving Computer Networks Interpretation (Revised)

  最高人民法院关于审理涉及计算机网络著作权纠纷案件适用法律若干问题的解释 (修正)

  Attaches legal liability on network service providers that knowingly upload or broadcast pirated materials.

  January 31, 2004

• China Insurance Regulatory Commission, Administration of Representative Offices in China of Foreign Insurance Institutions Procedures

  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

  Repealing its 1999 predecessor, the new Procedures simplies application and approval procedures for setting up a Chinese representative office for foreign insurance firms.

  January 31, 2004

• General Administration of Customs, Administration of Bonded Warehouses and the Goods Stored Therein Provisions

  中华人民共和国海关对保税仓库及所存货物的管理规定

  Promulgated: December 5 2003Effective: February 1 2004Interpreting authority: General Administration of CustomsApplicability: "Bonded warehouses" is defined…

  January 31, 2004

• State Administration of Radio, Film and Television, Administration of the Landing of Foreign Satellite Television Channels Procedures

  国家广播电影电视总局境外卫星电视频道落地管理办法

  Promulgated: December 4 2003Effective: January 10 2004Applicability: Landing of foreign satellite television within designated districts in China approved…

  January 31, 2004

• Ministry of Commerce, General Administration of Customs, State Administration of Taxation and State Administration of Foreign Exchange, Administration of the Establishment of Foreign-invested Export Procurement Centres Procedures

  商务部、海关总署、国家税务总局关于设立外商投资出口采购中心管理办法

  Stipulates the corporate requirements of establishing export procurement centres by foreign investors.

  January 31, 2004

• Ministry of Justice Announcement No.25 (Approval of three representative offices of foreign law firms and three of Hong Kong law firms)

  司法部公告第25号 (准予三家外国律师事务所在华设立代表处，三家香港律师事务所在内地设立代表处)

  The Procedures applies to law firms having already established representative offices in the Mainland. Association with Mainland law firms shall not take the form of a partnership or a legal person, and shall retain independence of both parties in terms of legal status, names and finances. Fulfilling criteria listed in therein, the Procedures provide application procedures for association submitted by the Hong Kong and Macau SAR law firms.

  January 31, 2004