Foreign participation in the insurance industry has been given a boost with the China Insurance Regulatory Commission's issuance of implementing rules for foreign-invested insurance companies.

Tighter restrictions on foreign debts of FIEs are implemented, and 'hot money' inflows into RMB are as tightly restricted as 'capital flight' outflows.

The Administration of Insurance Companies Provisions became effective on June 15 2004, and have replaced the provisions of the same name promulgated by the CIRC on January 13 2000 and amended on March 15 2002. They are applicable to domestic insurance companies, and are generally applicable to foreign-invested insurance companies.

Administration of occupational safety insurance, and qualification of related insurance claims.

Issued: June 15 2004Effective: July 1 2004Applicability: Where a fund of which shares of the fund are publicly sold, and record filing procedures are lawfully…

Promulgated: June 17 2004Effective: August 1 2004Applicability: The Regulations apply to those engaging in publishing of audio-visual products. "Audio-visual…

By John A. Cahill and Vivien [email protected]@paulhastings.comThis month we will take a look at how US structured finance techniques…

Focus on the establishment, termination and liquidation of foreign-invested insurance companies and their branch organizations.

The Provisions stipulate detailed regulations in relation to company registered capital, including its amount, method of contribution, asset appraisal, form of payment, increase or decrease, and the corresponding procedures, rights and liabilities.