Legal

• China Securities Regulatory Commission, The Second Batch of Items in Respect of which the Administrative Examination and Approval Requirements are Abolished and Change of the Management of Certain Items Requiring Administrative Examination and Approval Notice

  中国证券监督管理委员会关于取消第二批行政审批项目及改变部分行政审批项目管理方式的通告

  Simplification of procedures in various areas, such as establishment of new securities companies, futures investment companies.

  March 31, 2003

• Developments and Prospects in China's Security Law

  Creating a viable legal framework for the use and protection of security interests has been an ongoing process in China. This month we are pleased to have an overview of some of the key aspects of security law development in the PRC.

  March 31, 2003

• State Administration of Foreign Exchange, Foreign Exchange Control Issues Relevant to Fund Management Companies with Foreign Equity Participation Circular

  国家外汇管理局关于外资参股基金管理公司有关外汇管理问题的通知

  Controls over the foreign exchange transactions related to foreign shareholders in fund management companies.

  March 31, 2003

• Guangdong Province, Foreign Exchange Control on Overseas Investments Pilot Measures

  广东省境外投资外汇管理试点办法

  Foreign exchange administration for outbound investments by state-owned enterprises in Guangdong, effective until 30 November 2003.

  March 31, 2003

• Income Tax Treatment of Enterprise Debt Restructuring Measures

  企业债务重组业务所得税处理办法

  The PRC tax authorities move in to prevent the loss of tax revenue arising from debt restructuring activities.

  March 31, 2003

• Civil Aviation Sector Seeks New Investments

  Freshfields Bruckhaus DeringerChina's ambitious plan to overhaul its aviation industry includes the construction of 94 new airports within the next seven…

  March 31, 2003

• Approaching Leasing Joint Ventures

  Zhong Lun Law FirmWith China's WTO accession, many multinational financial institutions and leasing companies are looking to the PRC financial leasing…

  March 31, 2003

• New SAFE Regulations on Foreign Direct Investment

  Llinks Law OfficeIn order to further improve the foreign exchange administration for foreign direct investment (FDI), the State Administration of Foreign…

  March 31, 2003

• Market Access Report: Logistics

  Jones DayChina's imports and exports surged to US$620 billion in 2002, ranking fifth in the world. Logistics costs related to the acquisition, storage,…

  March 31, 2003

• More on Forex Aspects of a Changing Investment and M&A Climate

  Fangda PartnersThe new Acquisition of Domestic Enterprises by Foreign Investors Tentative Provisions  (外国投资者并购境内企业暂行规定)…

  March 31, 2003