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

The Chinese government is reforming its electricity pricing system in order to reduce problems of misallocation of resources and power shortages.

Removes State Council approval requirement for share issuance above par.

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

The NPC has passed a new legislation on electronic signatures. This new legislation helps to regulate electronic commerce and security of electronic transactions.

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.

Promulgated: August 28 2004Effective: as of date of promulgationInterpreting authority: State Administration for Industry and CommerceApplicability: The…

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