Legal

• People's Bank of China, Measures for the Administration of Payment Services of Non-financial Institutions

  中国人民银行非金融机构支付服务管理办法

  PBOC puts online payment services under scrutiny.

  July 14, 2010

• China Insurance Regulatory Commission, Tentative Measures for the Graded Regulation of Establishments of Insurance Companies

  中国保险监督管理委员会保险公司分支机构分类监管暂行办法

  Establishments of insurance companies classified into four grades for regulation.

  July 14, 2010

• Ministry of Commerce, Circular on Issues Relevant to Delegation of the Examination and Approval Authority over Foreign Investments to Lower Levels

  商务部关于下放外商投资审批权限有关问题的通知

  Mofcom delegates approval power over foreign-invested holding companies and venture capital companies to lower-level authorities.

  July 14, 2010

• General Administration of Quality Supervision, Inspection and Quarantine, Provisions for the Regulation of Food Additive Production

  国家质量监督检验检疫总局食品添加剂生产监督管理规定

  Details of food additives made more transparent.

  July 14, 2010

• Other Recent Legislation for This Month

  National legislation BankingCircular on Issues Relevant to Expanding the Pilot Projects for Cross-border Trade Settlement in Renminbi关于扩大跨境贸易人民币结算试点有关问题的通知…

  July 14, 2010

• Supreme People's Court, Circular on Several Issues Concerning the Application of the «PRC Tort Liability Law»

  最高人民法院关于适用《中华人民共和国侵权责任法》若干问题的通知

  Applicability of the Tort Liability Law clarified.

  July 14, 2010

• Measures for the Administration of the Equity of Insurance Companies

  保险公司股权管理办法

  The CIRC may release a major shareholder from the restriction on shareholding percentage if it satisfies certain provisions.

  July 14, 2010

• Measures for the Administration of the Information Disclosure of Insurance Companies

  保险公司信息披露管理办法

  The Measures specify the information that an insurance company is required to disclose as well as the method and time of disclosure.

  July 14, 2010

• Circular on Issues Relevant to Delegation of the Examination and Approval Authority over Foreign Investments to Lower Levels

  关于下放外商投资审批权限有关问题的通知

  Mofcom delegates approval power over foreign-invested holding companies and venture capital companies to lower-level authorities.

  July 14, 2010

• Tentative Measures for the Graded Regulation of Establishments of Insurance Companies

  保险公司分支机构分类监管暂行办法

  The Measures classify establishments of insurance companies into four grades based on the companies' risk positions and impose regulatory measures accordingly.

  July 14, 2010