National LegislationBANKINGChina Banking Association, Guidelines on Corporate Social Responsibility of Financial Institutions中国银行业协会金融机构企业社会责任指引L3610/09.01.12CONSTITUTION…
March 17, 2009
Legislation
Commercial banks allowed to extend loans for mergers and acquisitions.
March 17, 2009New branches of wholly foreign-owned banks may be exempted from pre-payment of tax.
March 17, 2009Banks not allowed to provide security for trust products.
March 17, 2009A new era of differentiated regulation for insurance companies.
March 17, 2009Chongqing allows network price bidding for state-owned assets and equity.
March 17, 2009Hong Kong and Macao investors allowed to be sole owners in the commercial sector.
March 17, 2009The Circular addresses the issues of wages and salaries, total payroll, and deduction of employee benefit expenses.
March 17, 2009The Guidelines allows commercial bank establishments with legal personality to engage in the extension of loans for mergers and acquisitions and set forth the criteria therefor.
March 17, 2009The total of the amount of capital contribution in the form of valuated equity and of capital contribution in the form of other valuated non-monetary property by all of the shareholders may not exceed 70% of the registered capital of the investee company.
March 17, 2009