Legal

• Gold mining Zhaojin raises US$282 million in IPO

  According to a news piece released by Herbert Smith on December 11 2006, China's Zhaojin Mining Industry successfully completed an initial public offering…

  November 30, 2006

• Wu Xiaoling triggers US dollar plummet

  A comment by Wu Xiaoling, a People's Bank of China (PBOC) deputy governor, triggered the lowest US dollar fall in 19 months compared to the euro. Wu's…

  November 30, 2006

• PRC Regulations for the Administration of Foreign-invested Banks

  中华人民共和国外资银行管理条例

  These Regulations signify a big step towards opening to foreign investments in the PRC's banking industry. The establishment, registration, and business scope of foreign-invested banks are clearly set out.

  November 30, 2006

• New PRC Legislation against Money Laundering

  How will the new PRC Anti-money Laundering Law limit or promote the business scope of financial institutions and foreign-invested enterprises?

  November 30, 2006

• Circular on Issues Relevant to Foreign Exchange Control with Respect to Overseas Securities Investments of Fund Management Companies

  关于基金管理公司境外证券投资外汇管理有关问题的通知

  This Circular addresses some of the issues in relation to foreign financial investments and asset management. The scopes of foreign exchange business and income are stipulated. Matters regarding the source of investment funds and their management are clarified.

  November 30, 2006

• Safe Harbour Protection in China: How China's New Regulations Protect the Information Dissemination Rights of Digital Networks

  The article compares safe harbour laws in China and the United States and analyses how the law in China might have influenced the case of Baidu.com.

  November 30, 2006

• Sellers' Remedies and Strategies when Dealing with Financially-Distressed Buyers in the United States and Taiwan

  The United States and Taiwan are among China's top trading partners. How do Chinese companies navigate two different legal systems to recover their losses from defaulting parties?

  November 30, 2006

• PRC Anti-money Laundering Law

  中华人民共和国反洗钱法

  This law aims to address the issue of money laundering in China and impose criminal liabilities on violators. A department of the State Council is in charge of overseeing anti-money laundering measures nation-wide.

  November 30, 2006

• A Rule Pushed by the Market: China's New Measures for Offering and Underwriting Securities

  Upon reopening its market to IPOs, China's Securities Regulatory Commission introduced new Measures which change the way underwriters and institutions conduct IPO price inquiries. What do these Measures entail and how will they affect China's market in the future?

  November 30, 2006

• Sellers' Remedies and Strategies when Dealing with Financially-Distressed Buyers in the United States and Taiwan

  The United States and Taiwan are among China's top trading partners. How do Chinese companies navigate two different legal systems to recover their losses from defaulting parties?

  November 30, 2006