Legislation

Securities asset management business of securities company allowed access to the interbank bond market.

Asset re-organisation of listed companies carried out by state-owned shareholders requires advance approval before information disclosure.

The Measures set out the criteria under which a lender accepts an application for a loan for a fixed asset. They also lay down provisions on relevant due diligence investigation, risk assessment, examination and approval, execution of the contract, disbursement and payment, post-loan management and legal liability.

The Measures lay down the criteria and procedures for establishment of a foreign-invested equity investment management enterprise in Pudong.

Special measures provided for risk control of project finance.

The Provisions set forth the procedures for examination and approval of provision of financial information services and the establishment of such enterprises.

The Measures explain the calculation of the business turnover of banking financial institutions, securities companies, futures companies, fund management companies and insurance companies for the reporting of concentrations of business operators.

The Opinion gives guidance on distinguishing changed circumstances and commercial risk, determining excessive liquidated damages, loss of anticipated benefits and agency by estoppel, and correctly applying mandatory provisions and the rule of the right of plea of unease.

The revised Provisions remove the part on anti-monopoly investigation.