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Results: 1-10 of 21

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"


Bermuda signs tax information exchange agreement with China
  • Locke Lord LLP
  • Bermuda, China
  • December 15 2010

On December 2 2010, Bermuda signed a Tax Information Exchange Agreement ("TIEA") with the People's Republic of China in an effort to strengthen the economic and political ties between the two countries


New York Insurance Department announces cooperation agreement with China
  • Locke Lord LLP
  • China, USA
  • July 30 2009

On Tuesday, July 28, 2009, Acting New York State Insurance Department ("NYSID") Superintendent Kermitt Brooks announced that the NYSID entered into a Memorandum of Understanding ("MoU") with the International Department of the China Insurance Regulatory Commission ("CIRC"), China’s insurance regulator


China Insurance Regulatory Commission issues guidelines to strengthen insurers' control of funds
  • Locke Lord LLP
  • China
  • August 26 2010

On 17 August 2010 the China Insurance Regulatory Commission (the CIRC) issued basic guidelines for the internal controls at Chinese insurance companies, which include monitoring their allocation and management of insurance funds


Pilot scheme to permit insurers to tap China's mainland interbank bond market
  • Locke Lord LLP
  • China, Hong Kong, Macau
  • August 26 2010

The People's Bank of China (PBC) announced on 17 August 2010 a pilot scheme to permit Hong Kong and Macau insurers, banks and certain other financial institutions, with the approval of the PBC, to invest in the Chinese mainland's 48.8 trillion renminbi (US$7.2 trillion) interbank bond market


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


The China Insurance Regulatory Commission proposes to lift interest rate cap
  • Locke Lord LLP
  • China
  • August 3 2010

On 11 July 2010 the China Regulatory Commission (the CIRC) stated that it proposed to remove restrictions on insurance companies in China in deciding the assumed (or guaranteed) interest rates for "conventional" (non-participating) life insurance policies in order to protect consumers' interests and encourage innovation in the sector


Insurance companies are given permission to diversify their investments into private equity and real estate sectors
  • Locke Lord LLP
  • China
  • November 15 2010

The China Insurance Regulatory Commission (CIRC) recently issued Interim Measures on Investment of Insurance Funds in Private Equity (PE Measures) and the Interim Measures on Investment of Insurance Funds in Real Estate (RE Measures


U.S. product safety chief seeks Chinese help with drywall fix
  • Locke Lord LLP
  • China, USA
  • October 27 2010

Inez Tenenbaum, the chairman of the U.S. Consumer Products Safety Commission, has asked China to help persuade its drywall manufacturers to cooperate in assisting U.S. homeowners fix their homes


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