To echo the enactment of the PRC Property Law, the State Administration of Industry and Commerce in October 2007 published the Movables Mortgage Registration Measures (“Measures”). The Measures, which have replaced the 1995 Enterprise Movables Mortgage Registration and Administration Measures, are aimed at reflect the Property Law’s intention to throw more movables into the pool
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ISDA: New Master Agreement Promotes Prosperity For Derivatives
By King and Wood on
Posted in Banking & Finance
By:Liu Zhigang, Partner and Lv Yinghao, associate, King & Wood’s Banking Department
In the final quarter of 2007, the National Association of Financial Market Institutional Investors (“NAFMII”) was authorized by the People’s Bank of China to release a standardized Master Agreement and supplements (“Master Agreement”) to serve as uniform documentation of inter-bank market participants in financial derivatives transactions. For those familiar with the International Swaps and Derivates Association Master Agreement (“ISDA Agreement”), its influence is evident in the newly adopted Master Agreement. Similar to the ISDA Agreement, the Master Agreement addresses an extremely wide variety of transactions, including most if not all derivatives allowed by Chinese law.Continue Reading ISDA: New Master Agreement Promotes Prosperity For Derivatives
Water Market & China: a New Direction
By King and Wood on
Posted in Banking & Finance
By: Li Qiang, Partner
On March 13, 2008, the General Office of the State Council promulgated the Opinions of the General Office of the State Council on Implementing Some Policies and Measures for Accelerating the Development of the Utility Sector. (No.11 [2008] of the General Office of the State Council) In this opinion, it…