Legal

New rules have been promulgated by the China Banking Regulatory Commission to oversee group finance companies. The regulatory body retains its assertive role in the finance sector.

Issued: June 30 2004Effective: as of date of issueInterpreting authority: State Administration of Foreign ExchangeApplicability: "Trade credit" means assets…

Promulgated: July 6 2004Applicability: The Standards and Implementing Procedures apply to foreign trade enterprises registered with the Ministry of Commerce…

A recent legislation has been passed to enhance the attractiveness of Shanghai Waigaoqiao's new bonded logistics zone.

Issued: July 29 2004Effective: July 1 2004Main contents: The Circular abolishes the administrative examination and approval requirements on the establishment…

Pension reform in China has been high on the government's agenda for many years. Issues such as providing for an aging population and generating the institutional capital that can be reinvested in the economy will be discussed in this feature.

The Opinions acknowledge the significance of vigorously development in the capital markets, outline reform ideologies, and provide directions for future liberalization.

By David [email protected] August 5 2004 GMAC-SAIC Automotive Finance Co. Ltd began to operate in China. The venture was established…

The Provisions set out the temporary framework for insurance asset management companies on establishment, change, termination, business scope, operation rules and risk control.