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.

Further implements the abolition of certain CSRC administrative examination and approval requirements.

A foreign importer or exporter must register with the Ministry of Commerce before customs declaration and release of goods will be handled.

The CIRC has taken steps to create clear rules for insurance companies in their investment management.

The Implementing Rules mainly focus on the establishment, termination and liquidation of foreign-invested insurance companies and their branch organizations, clarifying the PRC Administration of Foreign-invested Insurance Companies Regulations effective since February 2002.

The Provisions stipulates 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.