Issued: June 6 2006Effective: July 1 2006Main contents: The Circular relaxes the foreign exchange control policies relating to overseas investment. clp…
The Tentative Measures allow PRC institutions and residents to invest in foreign financial products through PRC commercial banks, thus broadening their investment channels.
Issued: June 6 2006Effective: June 1 2006Main contents: From June 1 2006, business tax will be imposed on sales of residential premises of less than five…
The Circular symbolizes further liberalization of the capital account foreign exchange purchase and remittance by PRC entities for making outbound foreign investments, following previous attempts in 2003 and 2005.
China has revised and issued new accounting standards, bringing the country's financial reporting system for listed companies in line with international practices.
Issued: April 13 2006Effective: May 1 2006Main contents: The Circular consists of three parts:1. Abolition of Advance Examination and Approval of the Opening…
New restrictions are in place on share offering, price floor and private placements in particular for foreign strategic investors. A new three-stage application process is introduced.
Issued: April 17 2006Effective: as of date of issueInterpreting authorities: People's Bank of China and China Banking Regulatory CommissionMain contents:…