Issued: July 23 2004Effective: July 1 2004Applicability: In case of a discrepancy between previous provisions and this Circular, this Circular shall prevail…

By David [email protected] August 5 2004 GMAC-SAIC Automotive Finance Co. Ltd began to operate in China. The venture was established…

Guidance is given to identify, appraise, manage and control risks encountered during the process of insurance funds utilization.

CSRC has released a new circular which governs spin-off listings of subsidiaries of A share-listed companies.

Insurance companies are now allowed to invest in convertible corporate bonds.

Establishing an enterprise pension and the payment of fees.

The Administration of Insurance Companies Provisions became effective on June 15 2004. They are applicable to domestic insurance companies, and are generally applicable to foreign-invested insurance companies.

The State Administration of Foreign Exchange has issued a new circular that aims to tackle both FIE debts and speculative inflows of foreign capital.

The minimum monthly wage in Shanghai is raised to RMB635, starting from 1 July 2004.