Legal

• Looking at New Implementing Rules for Foreign Financial Institutions

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

  September 02, 2004

• State Administration of Taxation and Ministry of Information Industry, Adjustment to the Administrative Methods for Certification Institutions and Certification of Integrated Circuit Design Enterprises and Products Circular

  国家税务总局、信息产业部关于调整集成电路设计企业及产品认定机构和集成电路设计企业及产品认定管理方式的通知

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

  September 02, 2004

• China Insurance Regulatory Commission, Adjustment to the Proportion of Investments by Insurance Companies in Bank Subordinated Bonds, Bank Subordinated Debt with Fixed Term and Enterprise Bonds Circular

  中国保险监督管理委员会关于调整保险公司投资银行次级债券、银行次级定期债务和企业债券比例的通知

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

  September 02, 2004

• Call Option Issues in Cross-border M&A Transactions

  By David Liu anad Natasha [email protected]; [email protected]: www.pdlo.comCall option arrangements are frequently seen in M&A deals,…

  September 02, 2004

• Supreme People's Court, The Question on People's Court's Refusal to Handle a Retrial Request by a Party Concerned that is not Satisfied with the Ruling to Dismiss its Application to Vacate an Arbitral Award Official Reply

  最高人民法院昨关于当事人对驳回其申请撤销仲裁裁决的裁定不服而申请再审，人民法院不予受理问题的批复

  People's Court refuses retrial after an arbitral award is upheld.

  September 02, 2004

• Reforming China's Approval System for Investment Projects

  By Michael [email protected]: www.freshfields.comThe State Council's Reform of the Investment System Decision (the Decision), issued…

  September 02, 2004

• State Administration of Taxation, Issues Concerning the Strengthening of the Follow-up Administration after Abolishing the Examination and Approval Requirement for Changing the Place of Settlement of Individual Income Tax Accounts by Partnership Enterprise Investors Circular

  国家税务总局关于取消合伙企业投资者变更个人所得税汇算清缴地点审批后加强后续管理问题的通知

  Issued: June 29 2004Main contents: The State Administration of Taxation has decided to abolish the examination and approval requirement for changing the…

  September 02, 2004

• Commercial Banks and Subordinated Bond Issues

  By Wantao [email protected] June 17 2004, the People's Bank of China and the China Banking Regulatory Commission (CBRC)…

  September 02, 2004

• Matters Relevant to Investments in Convertible Corporate Bonds by Insurance Companies Circular

  中国保险监督管理委员会关于保险公司投资可转换公司债券有关事项的通知

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

  September 02, 2004

• Ministry of Justice, Administration of Partnership Law Firms Procedures

  合伙律师事务所管理办法

  Raised the qualification requirements of and more responsibilities for partners.

  September 02, 2004