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The Provisions Relevant to the Implementation of the Circular (the Provisions) seek to clarify certain aspects of last year's Administration of Online Banking Services Tentative Procedures (the Procedures). New information have been added to the Procedures.

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

Terminates the use of 12 full months as the tax year for foreign investment enterprises, except for approved FIEs.

Requires the disclosure of financial and accounting reports, risk management, corporate governance and largest shareholders, changes in registered capital, and M&A.

Issued: May 28 2002Main contents: The Guidelines stipulate that the accumulative external investments (including the investment capital raised by the current…

Deals with the resumption of the issue of new shares to investors in the secondary market after technical suspension.

Preferential treatment to Chinese investors investing in Beijing.

Clarifies the 2001 Tentative Procedures, particularly in its application, approval requirements, and the provision of additional online businesses.