Issued: October 20 2005Main contents: Where an application by a foreign investor intending to make use of the profits from a foreign-invested enterprise…
October 31, 2005
Legal
By Qin Yu and Li [email protected]; [email protected] the growth of China's economy in recent years, construction projects…
October 31, 2005Issued: October 13 2005Effective: October 18 2005Main contents: The quantity benchmarks of copies specified in Item(2) of the first paragraph and Item(2)…
October 31, 2005Compared with previous rules regarding debt provisioning, the Measures introduces greater flexibility in making the minimum 1% of year-end balance of risk assets a guideline rather than a mandatory requirement. It changes the nature of general provisions allocated from one of pre-tax deduction to a post-tax distribution of profit. The Measures allows financial institutions to set aside two types of loan loss provisions: specific provisions and special provisions. Further requirements for other categories of the asset impairment provisions, for instance bad debt provisions and provisions for impaired long-term investments, are also in place.
October 31, 2005Penalities for registration amendment of foreign-invested companies in the PRC.
October 31, 2005Corporate governance in share-system commercial banks.
October 31, 2005Issued: July 12 2005Effective: August 1 2005Main contents: Foreign-invested banks in China (including wholly-owned banks, equity joint venture banks and…
October 31, 2005By Qin Yu and Li [email protected]; [email protected] the growth of China's economy in recent years, construction projects…
October 31, 2005Regulations and approval requirements concerning consolidated positions for settlement and sale of foreign exchange.
October 31, 2005Promulgated: July 6 2005Effective: October 1 2005Interpreting authority: State Administration of TaxationApplicability: Measures for the administration…
October 31, 2005