Banking and Finance Laws

Export-oriented businesses have played a leading role in the growth of China's economy in the reform period. At the same time, however, the tax rebates that have been given to exporters as incentives to expand their businesses have created a heavy fiscal burden for the government. What is the solution?

In recent years, the government has been making the legal environment governing investment outside China by companies established in China, including foreign-invested companies, more progressive. A new SAFE circular furthers the liberalization programme.

Last month we covered the new auto finance company regulations. Soon after we went to press, the China Banking Regulatory Commission issued implementing rules for the regulations.

A circular on foreign exchange administration for external investments in the PRC.

China has promulgated the long-awaited Securities Investment Fund Law. What is new in the law for securities industry investors? And how does the law fit into the overall effort to create a robust funds industry in China?

A set of provisions which regulate securities investment funds and protect the rights of investors in the securities market.

Promulgated: October 3 2003Effective: as of date of promulgationMain contents: The Measures cover the establishment of, change to and termination of auto…

The State Administration of Foreign Exchange (SAFE) issued the QFII Foreign Exchange Operation Circular (the Circular) on September 9 2003. The Circular…

Issued: May 15 2003Effective: as of date of issueMain contents: The Provisions stipulate that the sale of receivables of an enterprise generated from the…