Creating a viable legal framework for the use and protection of security interests has been an ongoing process in China. This month we are pleased to have an overview of some of the key aspects of security law development in the PRC.

Issued: January 14 2003Main contents: The Reply allows insurance assessors to engage in assessment of foreign exchange insurance within their scope of…

Joint venture trading companies are now allowed on a wider scale. Trading companies can now be set up anywhere in China, the start up requirements are less restrictive, and the scope of business is wider.

Shanghai's policy for regulating and attracting foreign investments in the region.

Controls over the foreign exchange transactions related to foreign shareholders in fund management companies.

Issued: December 17 2002Main contents: The Circular allows certain goods of a production enterprise that are:(1) purchased from external sources;(2) purchased…

Foreign exchange administration for outbound investments by state-owned enterprises in Guangdong, effective until 30 November 2003.

Issued: February 14 2003Effective: March 1 2003Interpreting authority: Guangdong Province Development and Planning CommissionApplicability: "Venture Investment"…

New rules for the acquisition of domestic firms by foreign investors have recently been issued, and constitute one of the most important legislative developments affecting foreign parties in China this year.