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Former Mayor in South China sentenced to life in prison for taking bribes
- Edwards Wildman Palmer LLP
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- China
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- March 27 2013
On 1 March 2013, the Guangzhou Intermediate People's Court found Liu Rongzhao, a former deputy mayor of the city Zengcheng and a provincial leader of
China's communist party cracks down on corrupt officials
- Edwards Wildman Palmer LLP
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- China
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- March 27 2013
At the first session of the 12th National People's Congress (NPC) Cao Jianming, procurator-general of the Supreme People's Procuratorate (SPP
Introduction of new anti-bribery measures
- Edwards Wildman Palmer LLP
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- China
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- February 1 2013
On Boxing Day 2012, in an attempt to strengthen and clarify the criminal sanctions available in bribery cases, China's top judicial authorities
Securities and Exchange Commission seeks audit workpapers for companies whose securities are publicly traded in the U.S. and whose principal operations are based in China
- Edwards Wildman Palmer LLP
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- China, USA
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- December 4 2012
On December 3, 2012, the Securities and Exchange Commission commenced administrative proceedings against the China affiliates of the Big Four accounting firms and another large accounting firm
China's evolving insurance industry
- Edwards Wildman Palmer LLP
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- China
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- October 16 2012
A.M. Best's Special Report on China's non-life and life insurance industry dated October 8, 2012 concluded that China's "insurance market is in a state of transition: after a period of rapid expansion, the market must now adjust for sustainable and healthy growth"
Launch of registration under .中国 for China, in simplified local script
- Edwards Wildman Palmer LLP
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- China
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- October 10 2012
Registration of domain names under .中国 (which corresponds to "Zhong Guo" meaning "'Middle KingdomChina" in local simplified characters), is being introduced
Investment Promotion Agreement signed - implications for investors and settlement of disputes
- Edwards Wildman Palmer LLP
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- China, Taiwan
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- August 24 2012
On August 9, 2012, representatives of the Straits Exchange Foundation ("SEF") of Taiwan and the Association for Relations Across the Taiwan Straits ("ARATS") of the People's Republic of China ("China") signed an “Agreement for protection and promotion of cross-Strait investments”
NAIC-CIRC dialogue advances
- Edwards Wildman Palmer LLP
- -
- China, USA
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- August 9 2012
State insurance regulators working through the National Association of Insurance Commissioners (NAIC) joined their counterparts from the China Insurance Regulatory Commission (CIRC) to further regulatory cooperation on issues impacting both countries
China to outsource management of the New Rural Co-operative Medical Scheme (NRCMS) to commercial insurers
- Edwards Wildman Palmer LLP
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- China
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- May 15 2012
The NRCMS, overseen by the Ministry of Health, is a basic health social security system, started in 2003, that combines insurance and social assistance, and targets all farmers and rural residents in China
Foreign companies allowed full access to China's compulsory transport accident insurance market
- Edwards Wildman Palmer LLP
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- China
- -
- May 15 2012
Effective from 1 May 2012, foreign insurers are allowed to enter China's compulsory transport accident insurance market which was previously open only to domestic insurers
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