Legal

Insurance companies are now allowed to invest in convertible corporate bonds.

By Daniel Sae-Chin [email protected] 2003, Korea invested more in China

Effective date for final judgments and rulings on criminal cases.

Limitation period for arbitration after the termination of employment contract.

Provisional guidance to identify, appraise, manage and control risks encountered during the process of insurance funds utilization.

Sets out the temporary framework for insurance asset management companies on establishment, change, termination, business scope, operation rules, and risk control.

New implementing rules govenrning foreign financial institutions promulgated by the China Banking Regulatory Commission remains cautious to financial market opening.

Issued: June 30 2004Effective: July 1 2004Main contents: The examination and verification of the institutions for certification of integrated circuit design…

Issued: June 25 2004Effective: as of date of issueApplicability: The Circular also applies to investments in subordinated bonds by insurance asset management…