Banking and Finance Laws

Issued: December 3 2005Main contents: Starting from December 5 2005, regions in which foreign-invested financial institutions may engage in renminbi business…

Issued: November 24 2005Effective: as of date of issueInterpreting authority: State Administration of Foreign Exchange (SAFE)Applicability: The term "market…

Regulations and approval requirements concerning consolidated positions for settlement and sale of foreign exchange.

Corporate governance in share-system commercial banks.

Issued: July 12 2005Effective: August 1 2005Main contents: Foreign-invested banks in China (including wholly-owned banks, equity joint venture banks and…

The Circular allows domestic residents to set up offshore financing platform by means of special purpose companies and to participate in various equity financing activities through reverse acquisition, equity transfer, convertible bonds in international financial market. The Circular also stipulates the relevant registration and administration procedures for special purpose companies and remittance of profits, dividends, liquidation proceeds, equity transfer proceeds, and capital reduction proceeds.

By Song [email protected]: www.haiwen-law.comIn a continuation from last month, below is the final half of my views on the 10 key substantive…

National LegislationADVERTISING AND MARKETINGDecision on Adjusting Corresponding Articles of Relevant Advertising Regulatory Rules in Accordance with the…

Issued: August 25 2005Main contents: According to the Circular, the following are now subject to the examination and approval of the local branches of…