Governs the setting up and operation of Sino-foreign equity and cooperative joint ventures that produce and distribute radio and TV programmes in the PRC.
A financial institution is required to transfer the reserve deposit to designated accounts every month. The foreign exchange reserve deposit ratio is unified at 3%.
Allows insurance companies and insurance asset management companies to directly purchase and trade renminbi-denominated common stock, and to directly purchase convertible corporate bonds and other specified investment product.
China is gradually opening its broadcast media to foreign participation in an effort to modernize the sector. New rules from the state regulatory agency take new steps in broadcast media reform.
The Procedures allow insurance companies and insurance asset management companies to directly purchase and trade renminbi-denominated common stock, and to directly purchase convertible corporate bonds and other specified investment product.