Banking and Finance Laws

Promulgated: June 5 2006Effective: July 1 2006Interpreting authority: Shanghai Stock ExchangeApplicability: The term "internal controls" refers to the…

The China Banking Regulatory Commission (CBRC) has circulated a draft notice detailing the requirements for foreign banks to conduct retail business in…

The China Securities Regulatory Commission (CSRC) has issued new regulations that will require China's securities companies to keep their capital provisions,…

Promulgated: November 14 2005 Effective: January 1 2006Main contents: The Provisions apply to unpaid amount disputes arising in connection with applications…

From September 8 2006, share swaps will be allowed instead of cash payment when foreign companies merge with or acquire PRC companies, according to the…

This Circular provides implementing procedures to the earlier issued Tentative Measures for the Administration of Overseas Financial Management Services Offered by Commercial Banks on Behalf of Customers.

The Circular permits currency conversions between different foreign currencies at designated banks. It removes the foreign exchange limit and allows the collection of premiums either in renminbi or foreign exchange.

The Provisions define applicable laws where international practices represented by the usual UCP 500 do not cover the disputed LC issue, the legal relationship between the parties to an LC, and the concept of 'LC fraud'.

The Provisions define applicable laws where international practices represented by the usual UCP 500 do not cover the disputed LC issue, the legal relationship between the parties to an LC, and the concept of 'LC fraud'.