Banking and Finance Laws

The authorities are playing a game of catch-up with China's booming real estate sector, and have issued regulations recently that attempt to rein in speculative lending for real estate projects.

The authorities are playing a game of catch-up with China's booming real estate sector, and have issued regulations recently that attempt to rein in speculative lending for real estate projects.

Issued: May 28 2003Effective: January 1 2003Main contents: The Circular clarifies three transition issues concerning enterprise income tax preferential…

Promulgated: May 29 2003Effective: July 1 2003Main contents: Adjustments are made to the examination and approval authority over establishment of new bank…

Adopted: April 22 2003Effective: as of date of adoptionInterpreting authority: The All China Lawyers' AssociationApplicability: "Securities legal business"…

Issued: June 20 2003Effective: July 1 2003Main contents: Item One of the Circular allows wholly Chinese-owned insurance companies, Sino-foreign equity…

Issued: December 6 2002Effective: January 1 2003Applicability: The self-operational foreign exchange loans provided by a Chinese-funded financial institution…

National LegislationGovernment and AdministrationState Council, The Second Batch of Items in Respect of which the Administrative Examination and Approval…

Parties seeking to resolve disputes in China have a choice of arbitration institutions in an increasingly competitive environment. China's best-known arbitration commission has issued new rules to expedite the resolution of financial disputes, which it hopes can keep it ahead of the competition.