Legislation

Directs the transfer of assets formed with state funds or assets not used in the bankrupt enterprise's operation.

Export food producers, processors or storages must obtain hygiene certificates in order to be accepted for inspection.

Procedures for the examination and certification of integrated circuit design enterprises, and the application of tax privileges to these enterprises.

Relaxes the prior restriction against purchasing foreign exchange to pre-pay FX loans.

Application process for using Chinese sea territory.

Gives a heavier emphasis on supervision and service in approving premises projects that obtain leaseholds through bidding or auction.

Clarifies the 2001 Administration of Online Banking Services Tentative Procedures, particularly its application and approval requirements, and the provision of additional online businesses.

This legislation expands on the 2001 Commercial Bank Intermediary Services Tentative Provisions.

All branches and business management departments of the People's Bank of China and all policy banks, wholly State-owned commercial banks and share system…