Issued: April 24 2006Main contents: The Implementing Opinions elaborate on how to apply the PRC Company Law, the PRC Regulations for the Administration…
Promulgated: May 9 2006Effective: as of date of promulgationApplicability: These Measures shall apply to the review by the Public Offering Review Committee…
Promulgated: May 18 2006Effective: as of date of promulgationMain contents: The Guidelines are composed of:Part One: General ProvisionsPart Two: ProspectusesSection…
Service-related foreign exchange payment procedures are simplified. Domestic entities and domestic individuals benefit from procedure simplification for contracts below US$5,000 and an increased foreign exchange purchase limits to US$20,000.
The Circular drops the previous acquisition deposit requirement but adds a repatriation requirement where approval procedures are not completed within six months.
China is one step closer to the qualified domestic institutional investor (QDII) programme, allowing banks, fund management firms, insurers and securities institutions to convert Chinese clients' renminbi into foreign currency and invest it overseas.
China has revised and issued new accounting standards, bringing the country's financial reporting system for listed companies in line with international practices.