Banking and Finance Laws

By Alan [email protected]: www.freshfields.comThe role of the auditor is vital to achieving good corporate governance. Impartial assessment…

China has revised and issued new accounting standards, bringing the country's financial reporting system for listed companies in line with international practices.

Further procedure and restriction relief is given to foreign exchange control on the current account.

The Circular drops the previous acquisition deposit requirement but adds a repatriation requirement where approval procedures are not completed within six months.

China has revised and issued new accounting standards, bringing the country's financial reporting system for listed companies in line with international practices.

National LegislationBANKINGGuidelines for Corporate Governance and Related Regulation of State-owned Commercial Banks国有商业银行公司治理及相关监管指引L3610/06.04.18CONSTITUTION…

Issued: March 31 2006Effective: April 20 2006Main contents: From April 20 2006 the Shanghai headquarters of the People's Bank of China is authorized to…

Issued: April 13 2006Main contents: The Announcement relaxes the policies on opening, amending and closing current account-related foreign exchange accounts,…

Promulgated: December 31 2005Main contents: Under the premise of adequate capital guarantee, stringent financial supervision and the establishment of a…