Legislation roundup: Foreign debt, consumer rights and investment funds
May 06, 2013 | BY
clpstaff &clp articles &SAFE has issued a Circular simplifying foreign debt registration. The Standing Committee of the National People's Congress has released a draft on consumer rights and the CSRC has produced draft Measures on the operation of public securities investment funds
Financing
State Administration of Foreign Exchange, Measures for the Administration of Foreign Debt Registration
The Circular simplifies the stages involved in the administration of foreign debt registration. It cancels certain examination and approval matters relating to foreign debt control and, with the exception of the foreign debt agreement registration, the opening of foreign debt accounts, conversion of funds and repayment of principal and interest can be directly reviewed and handled by designated foreign exchange banks.
See the digest for more details.
Further reading
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Consumer rights
Bill for Amendments to the PRC Law on the Protection of the Rights and Interests of Consumers (Draft)
Where an act harms the lawful rights and interests of numerous consumers, the China Consumers' Association or the consumers' association established in a province, autonomous region or municipality directly under the central government may institute a legal action in a people's court.
See the digest for more details.
Further reading
PRC Law on the Protection of the Rights and Interests of Consumers, May 1994
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