The creation of healthy capital markets in China has come under renewed attention with recent moves by the government to promote sound corporate practices by both issuing companies and sponsors.
Foreign investors in the PRC banking industry are subject to duties in quarterly consolidated financial statement reporting, conglomerate reporting, official inspections, external audit and tripartite meetings.
Promulgated: March 31 2004Effective: June 1 2004Main contents: Article 33 of the Regulations has been amended to include public interest as a criteria…