Full Text Translation

The Procedures concern the monitoring, analysis and assessment of non-performing assets, in particular sources and analyses of data and information and the time for assessment report submission.

The revised Provisions add one more section on recognition of a company with an investment nature by foreign investors as a regional headquarters.

The Procedures undertake to reduce illegal and fraudulent activities in the PRC securities market by promoting sound corporate practices of both issuing companies and sponsors.

An important step forward, China modernizes its commercial banks by ensuring a sound financial position through the newly-issued measurable capital adequacy standards.

The Procedures detail the qualifications and application procedures of foreign investors establishing export procurement centres in the PRC.

The first attempt of the PRC in setting up the framework for derivatives trading by financial institutions.

Repealing its 1999 predecessor, the new Procedures improve upon the 'foreign insurance institutions' definition, administrative examination and approval, and prudential regulations.

By increasing transparency, and protection of ordinary people, the “Ten Measures” represent an institutional answer to the perceived unfairness in the allocation and development of land and resources within the PRC.

The Procedures apply to law firms having already established representative offices in the Mainland. Association with Mainland law firms may not take the form of a partnership or a legal person, and shall retain independence of both parties in terms of legal status, names and finances. Fulfilling criteria listed therein, the Procedures provide application procedures for association submitted by the Hong Kong and Macao SAR law firms.