Legislation

The Procedures deal with qualifications of fund distribution agents, fund publicity and promotional materials requirements, and the regulation of sales business and fund sales charges.

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.