INTERIM PROVISIONS ON BOARDS OF SUPERVISORS IN SOLELY STATE-OWNED COMMERCIAL BANKS
Article 1 These Provisions are formulated in accordance with the Commercial Bank Law of the People’s Republic of China and the Regulations on Supervision and Management of State-owned Enterprises Property and for the purpose of deepening the reform of the banking system, establishing boards of supervisors in solely state-owned commercial banks and perfecting the supervision mechanism in solely state-owned commercial banks.
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Letter of the General Office of the Ministry of Labor on Answer to Request for Instructions on whether the Rules on Labor Administration of Enterprise with Foreign Investment shall be Applied in the Punishment of Enterprises with Foreign Investment Employing Child Labor
The Ministry of Labor of Fujian province:
Request for Instructions on whether the Rules on Labor Administration of Enterprise with Foreign Investment shall be Applied in the Punishment on Enterprises with Foreign Investment Employing Child Labor (MinLaoGuan [1997] No.53) from your Ministry has been received. Hereby answer the question after disquisition as follows:
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Circular of the People’s Bank of China on Issuing the Regulation on Administration of Domestic Foreign Exchange Account
Branch of the People’s Bank of China (hereinafter “PBC”) in each province, autonomous region, municipality directly under the Central Government, Shenzhen branch of PBC; Branch of the State Administration of Foreign Exchange (hereinafter “SAFE”) in each province, autonomous region, municipality directly under the Central Government, Shenzhen branch of SAFE:
In order to standardize the opening and use of domestic foreign exchange account and strengthen administration on foreign exchange account,the State Administration of Foreign Exchange legislates the Regulation on Administration of Domestic Foreign Exchange Account in accordance with the emended version of Regulation of Foreign Exchange Administration of People’s Republic of China. It is issued to you for implementation and requested to transmit PBC sub-branches,SAFE sub-branches, financial institutions, and to relevant organizations.If problems arise during implementation, it is requested that they be reported to SAFE in timely fashion.
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CIRCULAR OF THE STATE COUNCIL CONCERNING THE QUESTION OF LOCAL TAX AUTHORITIES MANAGEMENT SYSTEM
Since the implementation of separate establishment of tax authorities in 1994, industry and commerce tax collection has all along maintained a rather high growth rate, and the new fiscal taxation system has been consolidated and perfected. Comprehensive progress has been made in local tax collection which has played an important role in guaranteeing local financial revenues and promoting local economic development. However, lately the question of banging the uniform state tax law and interfering in tax collection law enforcement in a number of localities has come to the fore; there has been drastic inflation in the staff of local tax authorities, and the management system has not been standardized. Such state of affairs, if allowed to continue, will adversely affect the further deepening of reform of the fiscal taxation system and promoting taxation levying and management reform and the construction of local tax authorities.
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Administration of Foreign Exchange Accounts Inside China Provisions
Article 1 These Provisions are formulated in accordance with the PRC, Foreign Exchange Control Regulations and the Administration of the Settlement, Sale and Payment of Foreign Exchange Provisions, in order to standardize the opening and the use of foreign exchange accounts and to strengthen the supervision and control of foreign exchange accounts.
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REGULATIONS OF THE PEOPLE’S REPUBLIC OF CHINA GOVERNING EXPORT CONTROL OF MILITARY GOODS
Chapter I General Provisions
Article 1 These Regulations are formulated with a view to enhancing unified export control of military goods and maintaining normal order in the export of military goods.
Article 2 Export of military goods referred to in these Regulations means export for trade purposes of the equipment, special-purpose production equipment and other materiel, technologies and related services to be used for military purposes.
Article 3 The State Control Commission for Military Goods Trade of the People’s Republic of China (here in after referred to as the State Control Commission for Military Goods Trade) shall, under the leadership of the State Council and the Central Military Commission, take charge of the work of military goods export nationwide.
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REGULATIONS OF THE PEOPLE’S REPUBLIC OF CHINA ON THE NATIONALITY REGISTRATION OF CIVIL AIRCRAFT
Article 1 These Regulations are formulated in accordance with the provisions of the Civil Aviation Law of the People’s Republic of China with a view to enhancing the administration of civil aircraft nationality, ensuring safety in civil aviation activities and maintaining order in civil aviation activities.
Article 2 The following civil aircraft shall enter into nationality registration pursuant to these Regulations:
(1) civil aircraft of state institutions of the People’s Republic of China;
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Administration of Foreign Exchange Accounts Inside China Provisions
Article 1 These Provisions are formulated in accordance with the PRC, Foreign Exchange Control Regulations and the Administration of the Settlement, Sale and Payment of Foreign Exchange Provisions, in order to standardize the opening and the use of foreign exchange accounts and to strengthen the supervision and control of foreign exchange accounts.
Article 2 The State Administration of Foreign Exchange and its branches and sub-branches (the “Administration of Foreign Exchange”) shall be the authority for the administration of foreign exchange accounts.
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People’s Bank of China, Syndicated Loans Tentative Procedures
Article 1 These Procedures have been formulated in accordance with the provisions of Article 56 of the Lending General Provisions in order to standardize syndicated loans business, to make full use of the overall function of finance, better to serve enterprises, especially large and medium-sized State-owned enterprises and key projects, to promote the expansion and normal economic development of enterprise groups, and to diversify and guard against loan risk.
Article 2 Syndicated loans are loans to provide capitals by several banks or non-banking financial institutions, which are authorized to conduct loan business, under a single loan agreement for an agreed term and on agreed conditions to a single borrower.
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SUPPLEMENTARY PROVISIONS TO SEVERAL PROVISIONS CONCERNING THE INVESTMENT MADE BY THE VARIOUS PARTIES TO CHINESE-FOREIGN EQUITY JOINT VENTURES
In order to strengthen the administration of investment contributions made by investors of foreign investment enterprises (including those foreign investment enterprises established by purchasing assets or stocks of internal enterprises), these Supplementary Provisions are hereby formulated as follows to the Several Provisions Concerning the Investment Made by the Various Parties to Chinese-foreign Equity Joint Ventures.
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