Legislation

Removes State Council approval requirement for share issuance above par.

Inserting the concept of state expropriation.

Guideline for the issuance, investment ratio, investment term, risk control and compliance procedures in relation to insurance company's subordinated debt investment.

Application requirements for foreign-funded auto finance companies to open foreign exchange capital fund accounts with Chinese banks.

Issued: August 17 2004Main contents: The Circular elaborates Article 14 of the Registration for the Record of Foreign Trade Operators Procedures. Foreign-invested…

As state-owned enterprise reform continues, the Circular resolves ambiguities as to how state-owned assets and shares are to be disposed.

Guidelines to the assessment and approval of Hong Kong or Macao investment by way of setting up enterprise in the PRC.

Cancelling verification and approval requirements by the State Council's securities regulatory authority.

Produces categorised lists of investment projects subject to official verification and guidance, and relaxes approval and verification systems applied to projects.