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Results: 1-10 of 15

Hong Kong and Guangdong sign cooperation agreement
  • Locke Lord LLP
  • China, Hong Kong
  • April 16 2010

The Governor of Guangdong Province, representing the Guangdong Provincial Government, and the Chief Executive of the Hong Kong Special Administrative Region (the SAR) signed a Framework Agreement on Hong KongGuangdong Co-operation (the Framework Agreement) at a signing ceremony in Beijing on 7 April 2010


China regulator expands limits on bond investment by insurers
  • Locke Lord LLP
  • China
  • June 24 2010

On 26 May 2010, the China Insurance Regulatory Commission (the CIRC) announced that it is considering liberalising current restrictions on investments by People's Republic of China insurance companies in stocks and bonds


China Insurance Regulatory Commission in call for insurers to develop e-insurance
  • Locke Lord LLP
  • China
  • June 22 2010

Domestic insurers in China are being encouraged by the China Insurance Regulatory Commission (the CIRC) to grow new business through electronic commerce in order to optimize the structure of sales channels and foster the growth of new business


The People's Bank of China announce the renminbi will no longer be pegged to the US dollar
  • Locke Lord LLP
  • China
  • June 24 2010

The People's Bank of China (the POBC) announced on 19 June 2010 that the renminbi (RMB) was to exit the peg to the US dollar


Hong Kong: yuan liberalisation boosts insurers
  • Locke Lord LLP
  • China, Hong Kong
  • July 29 2010

On 20 July 2010, the Hong Kong Special Administrative Region and Beijing signed an historic agreement allowing Hong Kong to become the first yuan clearing centre outside mainland China


Enforceability of Hong Kong arbitral awards in mainland China
  • Locke Lord LLP
  • China, Hong Kong
  • February 2 2010

The Supreme People's Court of the People's Republic of China recently issued a letter on 30 December 2009 to all Higher People's Courts in mainland China confirming that ad hoc arbitral awards made in Hong Kong and those arbitral awards made in Hong Kong by the International Court of Arbitration of the International Chamber of Commerce and other foreign arbitration institutions are enforceable in mainland China in accordance with the Arrangement concerning Mutual Enforcement of Arbitral Awards between mainland China and the Hong Kong Special Administrative Region signed in 1999 (the "Arrangement"


Insurance institutions may invest in corporate debentures
  • Locke Lord LLP
  • China
  • January 12 2010

The China Insurance Regulatory Commission (CIRC), the insurance industry regulator in the People's Republic of China, issued a circular on 31 December 2009, permitting insurance institutions to invest in corporate debentures which are issued in the domestic inter-bank market provided that the corporate debentures satisfy the relevant applicable requirements and have a credit rating of AAA or a long-term credit rating equivalent to AAA assigned by domestic credit rating institutions


Draft Tentative Measures for the Administration of the Use of Insurance Funds
  • Locke Lord LLP
  • China
  • January 13 2010

The China Insurance Regulatory Commission (CIRC) released on 25 December 2009 Draft Tentative Measures for the Administration of the Use of Insurance Funds (the "Draft Tentative Measures") for public consultation


New accounting standards for insurance companies
  • Locke Lord LLP
  • China
  • January 11 2010

The Chinese Ministry of Finance (MoF) and the China Insurance Regulatory Commission (CIRC), the insurance industry regulator in the People's Republic of China, have jointly issued detailed rules requiring insurance companies to adopt new accounting standards in compiling their 2009 financial reports


Chinese drywall - Chinese President says that he will look into drywall responsibility
  • Locke Lord LLP
  • China, USA
  • April 21 2010

United States Senator Bill Nelson (D-Fla.) reports that, this week, Chinese president Hu Jintao told him this week that he would investigate problems with Chinese manufactured drywall