Legal

These provisions regulate the establishment and operations of venture capital investment enterprises.

False profit statements and other forms of misrepresentation have plagued China's securities markets for years. A new SPC regulation directs the government's efforts to clean up the markets.

The Ministry of Agriculture issued new rules on infringement cases involving plant varieties. They constitute another important part of the regulatory infrastructure for the protection of PVRs in China.

The PRC's new Foreign Debt Administration Tentative Procedures set out tighter foreign debt registration requirements, while collecting and putting a high-level government imprimatur on various policies and practices.

On December 6 2002 the Guangdong Provincial People's Congress passed the Guangdong Province, Electronic Transactions Regulations (the Regulations). These are the first regulations in China to address the particulars of electronic transactions.

New regulations from the central bank target the use of financial institutions to launder funds obtained by criminal means. Under new rules, both renminbi and foreign currency transfers through financial institutions under the PBOC's supervision will come under heightened scrutiny.

The PRC's new Foreign Debt Administration Tentative Procedures set out tighter foreign debt registration requirements, while collecting and putting a high-level government imprimatur on various policies and practices.

These opinions address the administrative procedures and requirements of urban utilities enterprises and the application procedures for urban utilities concession system.

Issued: December 27 2002Main contents: The Opinion deals with the opening of the urban utilities market, establishment of an urban utility concession system…