This Guidelines stipulate the risk management requirements for commercial banks in expanding their businesses in the area of personal financial management advisory services, comprehensive financial management services and personal financial management business products.
With regard to tax agreements entered into by China with foreign states, the term 'permanent establishment' shall be deemed not to include the maintenance of a fixed place of business solely for the purpose of carrying on, for the enterprise, any activity of a preparatory or auxiliary character.
A relief in the restriction of the types of financial products offered by commercial banks broadens and diversifies the personal wealth management services they offer.
The Provisions amend and regulate previous laws on capital contribution in cash and in kind, the minimum registered capital amount, the first capital contributions amount, and other relevant matters.
The Measure regulates banking services provided through internet, telephone, handset, self-service banks and ATM. The banking institution must establish corresponding mechanism for the search, monitoring and processing of false data.
While it maintains the existing distinction between partial and full foreign-invested enterprise status, the Measures have new stipulations on investor qualifications, share transfer regulations, general offer requirements, corporate procedures and methods of acquisition payment.
This Law regulates the public offering and trading of securities, takeover of listed companies, stock exchanges, supervision of securities companies, securities depository and clearing institutions, securities service institutions, securities associations, and the securities regulatory authority.
The Circular specifies the circumstances under which there is a disposal of assets internally and the circumstances under which it is not deemed a disposal of assets internally.