过去，信托公司一直通过剥离银行表内资产并打包成为理财产品出售，以此作为其一项稳定的收入来源。值此现象愈演愈烈之际，中国银行业监督管理委员会("银监会")七月份突然全面叫停所有银信合作业务。
最近，银监会发布了一份新的通知("通知")，有条件地重开银信合作业务。总体上，我们认为通知将会极大改变现行的银信合作模式和具体交易结构。通知如下几点尤其值得关注:
Trust Products Back on the Market
By King and Wood on
Posted in Banking & Finance
By Li Jinnan, Partner, King & Wood’s Banking Group
The expansion of bank-trust cooperation and the practice of repackaging off-the-book bank loans into trust products for sale to consumers came under unprecedented scrutiny this July as the China Banking Regulatory Commission ordered trust companies to cease all cooperative work with banking organizations.
Recent reports reveal that the complete shutdown of bank-trust cooperation has now been repealed, but the CBRC’s new circular allowing banks to resume cooperation with trust companies has place a number of new conditions on the once burgeoning industry.
李方平诉中国网通–滥用市场支配地位案被判驳回
By King and Wood on
Posted in compliance
宁宣凤、丁亮、 Angie Ng，金杜反垄断及反不正当竞争组
据有关媒体报道，截止到2010年8月下旬，人民法院共受理了至少10件反垄断诉讼案件（详见“近两年内的10件反垄断诉讼案件”）。本文将就其中之一，也是中国法院受理的第一起反垄断诉讼案即“李方平诉中国网通”案作简要分析。（此案于2008年8月1日反垄断法实施当天立案。）
本案中原告诉被告滥用市场支配地位，2009年12月18日，北京市第一中级人民法院做出一审判决， 2010年6月9日，北京市高级人民法院维持了一审判决。
Li Fangping vs China Netcom – Abuse of Dominance Case Dismissed
By King and Wood on
Posted in compliance
By Susan Ning, Ding Liang and Angie Ng, King & Wood’s Competition Practice
In late August 2010, it was reported in the press that at least 10 antitrust private actions have been heard in the courts in China (see Two years on, ten private antitrust actions).This article describes one of the cases – Li Fangping vs China Netcom – in detail. This was th
Continue Reading Li Fangping vs China Netcom – Abuse of Dominance Case Dismissed
2009年中国合并控制政策及案例回顾
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Posted in compliance
宁宣凤、姜丽勇、郑孜青和Angie Ng 反垄断及反不正当竞争小组
Ⅰ简介：
在中国，由以下两个部门负责合并控制：
a商务部反垄断局：负责受理和审查经营者集中申报的具体执法工作。
b反垄断委员会（国务院的下属部门）：负责相关并购规定和指引的制定和发布。该委员会实际上是一个议事协调机构，指导和协调商务部、国家发展和改革委员会和国家工商管理总局三个执法机构的工作。
Merger Control Review 2009 – China
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Posted in compliance
Susan Ning, Jiang Liyong, Zheng Ziqing, and Angie Ng, Antitrust & Competition.
I INTRODUCTION
The following two authorities deal with mergers:
a the Anti-Monopoly Bureau within the Chinese Ministry of Commerce (‘Mofcom’) is the authority responsible for reviewing and clearing merger filings; and
b the Anti-Monopoly Commission (a division of the State Council) is the authority responsible for formulating and issuing merger guidelines (it is also the coordinating government agency between Mofcom and the two other antitrust enforcement agencies, the National Development and Reform Commission (NDRC) and the State Administration for Industry and Commerce (SAIC)).
Shanghai Pudong New Area May Launch PE Pilot Program Involving Qualified Foreign Limited Partners
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Posted in Banking & Finance
By Zhang Yi, Alan Du and Ge Jiaying, King & Wood’s Banking & Finance Group
On March 15, 2010, Shanghai Municipal Government approved a pilot program in which foreign investors may become qualified foreign limited partners ("QFLP") of private equity investment funds ("Pilot Program") on its executive meeting. The Pilot Program, which is subject to confirmation and approval of the State Administration of Foreign Exchange ("SAFE") and other relevant authorities, is expected to be officially announced soon.
BHP / Potash – and Chinese Antitrust
By King and Wood on
Posted in Corporate
By Susan Ning, Liu Jia, Huang Jing and Angie Ng, King & Wood’s Competition Group
BHP Billiton (BHP)(1), a global natural resources company, has recently launched a hostile bid (the bid) to purchase PotashCorp (Potash)(2), a leading potash producer based in Canada.
This proposed acquisition is likely to have an impact in the Chinese potash industry.
中国自主创新政策及其对外国知识产权所有人的影响
By King and Wood on
Posted in Intellectual Property
彭荷月, 金杜律师事务所知识产权团队
自去年年底以来，我们陆续收到一些外国企业有关中国“自主创新”政策的咨询，他们对该政策存有不少顾虑，担心这项政策会强迫其将知识产权转移到中国，或者会限制外国企业与中国本土企业的竞争，影响其在中国市场的经营。
China’s Indigenous Innovation Policy and its Effect on Foreign Intellectual Property Rights Holders
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Posted in Intellectual Property
By Peng Heyue, King & Wood’s IP Department
Since the end of 2009, King & Wood has received regular requests from a number of foreign enterprises for advice on China’s ‘Indigenous Innovation’ Policy. These firms are concerned that the new policy will either force the transfer of their IP rights to China or will influence their business operations in the Chinese market by limiting their ability to compete with local domestic firms.