Banking and Finance Laws

Bancassurance has plenty of scope for growth in China but the regulatory hurdles to greater integration of the marketing of financial products mean that alternative investment strategies must be pursued, at least for the foreseeable future.

Since 1990, the PRC has established 15 Free Trade Zones, in Shanghai Waigaoqiao, Tianjin Tanggu, Dalian, Qingdao, Zhangjiagang, Ningbo, Guangzhou, Shantou,…

As anticipated, market participants are responding very positively to the implementation of a new legal framework for securitization in Taiwan. The Ministry…

The body of laws governing the bidding process for construction projects in the PRC has seen an important new addition, with the Invitation and Submission of Bids for Construction Projects Procedures (the New Procedures) issued on March 8 2003 and effective May 1 2003.

Issued: March 18 2003Effective: as of date of issueMain contents: For companies with successive loss for two years as a result of material accounting mistakes…

Issued: April 10 2003Effective: September 1 2003Interpreting authority: People's Bank of China (PBOC)Applicability: "Depositors" includes enterprises and…

Issued: April 15 2003Main contents: The Notice lists 21 types of items in respect of which administrative examination and approval requirements are to…

Issued: March 6 2003Effective: April 1 2003Main contents: This Circular sets out the procedures for the sale and payment of foreign exchange for non-trade…

Issued: March 19 2003Main contents: The Statement further details on the application documents required for the status of a qualified institutional investor…