Law Digest

• People's Bank of China, Provisions for the Administration of Market Makers of the National Interbank Bond Market

  中国人民银行全国银行间债券市场做市商管理规定

  Access requirements to the National Interbank Bond Market for market makers lowered.

  January 31, 2007

• China Banking Regulatory Commission, Implementing Measures for Matters Subject to Administrative Licensing of Chinese-invested Commercial Banks (Amended)

  中国银行业监督管理委员会中资商业银行行政许可事项实施办法(修订)

  QFIIs no longer given preference as investors in Chinese banks.

  January 31, 2007

• Civil Aviation Administration of China, Ministry of Commerce and National Development and Reform Commission, Supplementary Provisions for the «Provisions for Foreign Investment in Civil Aviation» (2

  中国民用航空总局、商务部、国家发展和改革委员会《外商投资民用航空业规定》的补充规定（二）

  Greater market access for Hong Kong and Macao air transport sales agencies.

  January 31, 2007

• Ministry of Justice, Measures for the Administration of Mainland Representative Offices of Law Firms from Hong Kong and Macao Special Administrative Regions (2nd Revision)

  司法部香港、澳门特别行政区律师事务所驻内地代表机构管理办法 (第二次修正)

  Residency requirement for representatives of Hong Kong and Macao law firm representative offices lifted.

  January 31, 2007

• Ministry of Justice, Measures for the Administration of Associations Between Law Firms of the Hong Kong and Macao Special Administrative Regions and Mainland Law Firms (2nd Revision)

  司法部香港特别行政区和澳门特别行政区律师事务所与内地律师事务所联营管理办法 (第二次修正)

  The requirement on the number of full-time lawyers employed by Mainland law firms that operate in association with Hong Kong or Macao law firms is waived.

  January 31, 2007

• National Development and Reform Commission, Circular Concerning the Opinion on Adjusting the Structure of the Motor Vehicle Industry

  国家发展和改革委员会关于汽车工业结构调整意见的通知

  Car manufacturers required to be more careful in managing their production capacity.

  January 31, 2007

• PRC Anti-money Laundering Law

  中华人民共和国反洗钱法

  Promulgated: October 31 2006Effective: January 1 2007Main contents: The Law comprises:Part One: General ProvisionsPart Two: Anti-money Laundering OversightPart…

  November 30, 2006

• Other Recent Legislation for this Month

  National LegislationACCOUNTINGCircular on Implementation of the (Enterprise Accounting Guidelines) by Securities Companies 关于证券公司执行《企业会计准则》的通知L3100/06.11.27(1)Circular…

  November 30, 2006

• China Securities Regulatory Commission, Measures for the Administration of the Offering and Underwriting of Securities

  中国证券监督管理委员会证券发行与承销管理办法

  Promulgated: September 17 2006Effective: September 19 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Inquiry and PricingPart…

  November 30, 2006

• Chinese Institute of Certified Public Accountants, Continuing Education Scheme for Chinese Certified Public Accountants

  中国注册会计师协会中国注册会计师继续教育制度

  Issued: September 13 2006Effective: January 1 2007Main contents: Pursuant to Article 6 of the Scheme, a certified public accountant shall receive continuing…

  November 30, 2006