The China Securities Regulatory Commission (the CSRC) has promulgated new regulations that provide a long-awaited basis1 for the creation of foreign invested fund management companies in China.
Issued: June 25 2002Effective: July 1 2002Main contents: The main parts of the Opinion include requirements concerning independence, professional competence,…
Issued: June 17 2002Effective: July 1 2002Applicability: For the purposes of the Circular, "capital funds of foreign investment" refers to the foreign…
Promulgated: June 5 2002Effective: as of date of issueMain contents: The Measures are a revision of the previous law promulgated in January 2001. The new…
Promulgated: June 4 2002Effective: as of date of promulgationInterpreting authority: People's Bank of ChinaApplicability: The Guidelines apply to share…
The China Securities Regulatory Commission (the CSRC, China's securities regulatory body), issued the Establishment of Securities Companies with Foreign Equity Participation Rules (the Securities JV Rules or the Rules) on June 1 2002. The Rules set out the conditions and procedures for the establishment of Chinese-foreign securities joint venture companies and they represent a limited opening up of China's securities industry to foreign investors.
Zhonglun Law FirmThe "hot" issue in reforming China's financial system is how to improve the corporate governance mechanisms of state-owned commercial…