The Circular aim to maintain the balance of payments and to ensure the compliant and orderly flow of cross-border capital. Local investors who wish to invest abroad with it sown domestic assets/equity shall obtain the verification of the foreign exchange administration.
Under a recent crackdown by the State Administration for Foreign Exchange (SAFE), cross-border investments and related transactions of "domestic residents" of China are subject to tougher scrutiny, procedures and restrictions.
The main focus of the Procedures is to administrate the relevant transactions and market risks brought by commercial banks that are shareholders of fund management companies.
By Song [email protected] "trade name" (字号or商号) identifies a business, while a "trademark" identifies a product of a business. A trade…
The Procedures clarify that "branded automobile sales" do not require the establishment of 4S shops, but a unified shop name, logo or trademark under which automobile business activities of automobile suppliers or their authorized branded automobile dealers are engaged in.
By Beth A. Bunnell and Angela [email protected]; [email protected] 11 2004 was the long awaited date on which various subsectors of "distribution…
The Procedures deal with the investments, approval procedures, industry rules, and administration of foriegn investment in the leasing industry.
By Firmina [email protected] number of prominent multinational companies have recently been spotlighted in the media for not permitting…
New rules now allow commercial banks to establish fund management companies. What do the new rules mean for banks and how will this affect China's fund management industry?
Promulgated: January 18 2005Interpreting authority: National Development and Reform Commission in conjunction with relevant departmentsApplicability: The…