Legal

The China Banking Regulatory Commission (CBRC) promulgated the long-awaited Administration of Auto Finance Companies Procedures (the Procedures) on October 3 2003. The Procedures are seen as an important step towards the liberalization of China's automobile market.

Shanghai has issued new regulations that govern the process of acquiring state-owned enterprises. The new rules should be read in conjunction with the various national level regulations which give foreign investors an opportunity to participate in state enterprise reform.

A circular which provides guidelines on foreign investments in Shanghai and the relevant industries that are in line with the municipal government's plan.

A newly set of provisions promulgated by the China Banking Regulatory Commission to regulate Auto Finance Companies. This marks a closer step to the WTO commitments and a more liberalized auto industry.

State enterprise reform is an urgent issue facing the Chinese government. Among the important legislation issued in 2003 in this area are provisions from the Supreme People's Court that govern disputes involving enterprise restructuring.

The quality of legal services is among the most attractive assets that Hong Kong can offer. How can Hong Kong's law firms and lawyers benefit from the new opportunities offered by the Mainland/Hong Kong Closer Economic Partnership Arrangement?

Providing the energy to power China's economic boom is a daunting task that the government and industry must address. The authors discuss the history of China's energy policies and the development challenges facing China.

Promulgated: June 28 2003Effective: January 1 2004Main contents: The Law deals with the planning and construction of ports, port operation, and safety…

Issued: August 22 2003Main contents: The Opinions detail the measures taken by Shanghai aiming at a gradual shift in government functions from a focus…