MA Le, A Case About Using Nonpublic Information for Trading CHINA GUIDING CASES PROJECT
|
|
- Kory Doyle
- 5 years ago
- Views:
Transcription
1 MA Le, A Case About Using Nonpublic Information for Trading Guiding Case No. 61 (Discussed and Passed by the Adjudication Committee of the Supreme People s Court Released on June 30, 2016) CHINA GUIDING CASES PROJECT English Guiding Case (EGC61) May 8, 2018 Edition The citation of this translation of this Guiding Case is: 马乐利用未公开信息交易案 (MA Le, A Case About Using Nonpublic Information for Trading), STANFORD LAW SCHOOL CHINA GUIDING CASES PROJECT, English Guiding Case (EGC61), May 8, 2018 Edition, The original, Chinese version of this case is available at 中国法院网 ( See also 最高人民法院关于发布第 13 批指导性案例的通知 (Notice of the Supreme People s Court on the Release of the 13 th Batch of Guiding Cases), issued on and effective as of June 30, 2016, This document was primarily prepared by Sean Webb and Dr. Mei Gechlik; it was finalized by Sean Webb, Dimitri Phillips, and Dr. Mei Gechlik. Minor editing, such as splitting long paragraphs, adding a few words included in square brackets, and boldfacing the headings, was done to make the piece more comprehensible to readers; all footnotes, unless otherwise noted, have been added by the China Guiding Cases Project. The following text is otherwise a direct translation of the original text released by the Supreme People s Court.
2 Keywords Criminal Crime of Using Nonpublic Information for Trading Citing Statutory Sentences Circumstances are Particularly Serious Main Points of the Adjudication The citation of statutory sentences for the crime of using nonpublic information for trading provided for in Article 180 Paragraph 4 of the Criminal Law should be [considered as] the citation of all statutory sentences for the crime of insider trading or divulging inside information [provided for] in Paragraph 1. This means that the crime of using nonpublic information for trading should have two types of situations where circumstances are serious and where circumstances are particularly serious and two [corresponding] sentencing levels. Related Legal Rule(s) Article 180 of the Criminal Law of the People s Republic of China 1 Basic Facts of the Case From March 9, 2011, to May 30, 2013, defendant MA Le served as a manager of the Bosera Select Equity Securities Investment [Fund] 2 of Bosera Asset Management Co., Ltd., 3 had 1 中华人民共和国刑法 (Criminal Law of the People s Republic of China), passed on July 1, 1979, issued on July 6, 1979, effective as of Jan. 1, 1980, revised on Mar. 14, 1997, effective as of Oct. 1, 1997, amended ten times, most recently on Nov. 4, 2017, effective as of Nov. 4, 2017, Given that the final judgment of this Guiding Case was rendered by the Supreme People s Court in November 2015 (see below), the Criminal Law referred to in this Guiding Case should mean the law as amended by Amendment IX. See 中华人民共和国刑法修正案 ( 九 ) (Amendment (IX) to the Criminal Law of the People s Republic of China), passed and issued on Aug. 29, 2015, effective as of Nov. 1, 2015, Amendment X to the Criminal Law did not amend Article 180. The first-instance judgment and second-instance ruling of this case were rendered on March 24, 2014, and October 20, 2014, respectively (see below). Therefore, the Criminal Law referred to in the judgment and ruling should mean the law as amended by Amendment VIII. See 中华人民共和国刑法修正案 ( 八 ) (Amendment (VIII) to the Criminal Law of the People s Republic of China), passed and issued on Feb. 25, 2011, effective as of May 1, 2011, Despite various amendments, the various references to Article 180 in all of the judgments and the ruling of this case are to the same version of Article 180 because the current form of this provision came into effect in February 2009, when the law was amended for the seventh time. See 中华人民共和国刑法修正案 ( 七 ) (Amendment (VII) to the Criminal Law of the People s Republic of China), passed on, issued on, and effective as of Feb. 28, 2009,
3 full authority and responsibility for investing the investment funds in the stock market, and was well informed about nonpublic information concerning the underlying stock traded by Bosera Select Equity Securities Investment Fund, trading times, and trading volume. During his 4 tenure, MA Le used the above-mentioned nonpublic information that he controlled to engage in securities trading activities related to this information. [MA Le] operated three stock accounts[, which were registered under the names of] a certain JIN, YAN X A, and YAN X B, that he personally controlled to buy or sell the same 76 shares of stock [traded by him] for the Bosera Select fund account(s) that he managed. The orders [for these transactions] were placed, through a Shenzhouxing phone card 5 that had been purchased anonymously for temporary [use], before (one to five trading days), at the same time as, or slightly (one to two trading days) after [the transactions that MA Le made for the Bosera Select fund account(s)]. [These illegal transactions] had a cumulative trading amount of more than RMB 1.05 billion and [MA Le] illegally derived benefits of RMB 18,833, On July 17, 2013, MA Le took the initiative to go to the Public Security Bureau of Shenzhen Municipality and turn himself in. After [reporting] to [the authorities handling] the case, 6 he gave true accounts of the facts of [his] crime; this was [a type of] surrender. MA Le confessed [his] crime with a good attitude, [his] unlawful gains could be returned in full from [his] distrained and frozen property, and the fine imposed on him could be paid in full. 2 The name 博时精选股票证券投资, which is likely meant to be 博时精选股票证券投资基金 (see, e.g., is translated here as Bosera Select Equity Securities Investment Fund in accordance with a prominent company database, at /private/snapshot.asp?privcapid= The name 博时基金管理有限公司 is translated here as Bosera Asset Management Co., Ltd. in accordance with the translation used on the company s website, at 4 MA La is a male. See 马某利用未公开信息交易罪一审刑事判决书 (The First-Instance Criminal Judgment of MA X s Crime of Using Nonpublic Information for Trading) (2014) 深中法刑二初字第 27 号刑事判决 ((2014) Shen Zhong Fa Xing Er Chu Zi No. 27 Criminal Judgment), rendered by the Intermediate People s Court of Shenzhen Municipality, Guangdong Province, on Mar. 24, 2014, full text available on the Stanford Law School China Guiding Cases Project s website, at 5 The text reads 神州行 ( shenzhouxing ), which literally means across China. Shenzhouxing phone cards are prepaid phone cards sold by China Mobile. 6 The text reads 到案 ( [report] to the case ), which refers to the situation in which a person reports voluntarily or involuntarily (e.g., by being arrested) to the authorities handling the case. For more discussion of this topic, see, e.g., 马静华 (MA Jinghua), 新 刑事诉讼法 背景下侦查到案制度实施问题研究 (Research on the Implementation Issues of the Report-to-the-Case for Investigation System Against the Backdrop of the New Criminal Procedure Law ), 当代法学 (CONTEMPORARY LAW REVIEW), Issue No. 2 (2015), also available at
4 Results of the Adjudication In the (2014) Shen Zhong Fa Xing Er Chu Zi No. 27 Criminal Judgment, the Intermediate People s Court of Shenzhen Municipality, Guangdong Province, opined: 7 defendant MA Le s acts constituted the crime of using nonpublic information for trading. However, the Criminal Law [of the People s Republic of China] does not provide for a situation where circumstances are particularly serious in the crime of using nonpublic information for trading. Therefore, [the court] could only determine that MA Le s acts [constituted a situation where] circumstances are serious. MA Le surrendered and [his] punishment could [therefore] be reduced in accordance with law. MA Le confessed [his] crime with a good attitude, [his] unlawful gains could be returned in full, [his] fine could be paid in full, and he indeed demonstrated [his] repentance. In addition, the Community Correction, Settlement, Assistance, and Education Division of the Futian District Justice Bureau of Shenzhen Municipality 8 conducted an investigation and assessed that the pronouncement of MA Le s suspension of sentence would not have major adverse effects on the community in which he resided and[, therefore,] the conditions for the application of suspension of sentence were satisfied. 9 Thereupon, for the crime of using nonpublic information for trading, [the court] sentenced MA Le to a limited-term imprisonment of three years with a five-year suspension of sentence and fined [him] RMB million. [The court also ordered that his] unlawful gains of RMB 18,833, be recovered in accordance with law and turned over to the State Treasury. After the judgment was pronounced, the People s Procuratorate of Shenzhen Municipality lodged a protest, arguing that defendant MA Le s acts should be determined to be a commission of a crime under circumstances that were particularly serious [and that he should be] punished according to the circumstances are particularly serious sentencing level. The first-instance judgment [was based on] erroneous application of law, the sentencing was manifestly improper, and [the judgment] should be amended in accordance with law. In the (2014) Yue Gao Fa Xing Er Zhong Zi No. 137 Criminal Ruling, the High People s Court of Guangdong Province opined: 10 Article 180 Paragraph 4 of the Criminal Law provides 7 马某利用未公开信息交易罪一审刑事判决书 (The First-Instance Criminal Judgment of MA X s Crime of Using Nonpublic Information for Trading), supra note 4. 8 The name 深圳市福田区司法局社区矫正和安置帮教科 is translated here literally as the Community Correction, Settlement, Assistance, and Education Division of the Futian District Justice Bureau of Shenzhen Municipality. This entity does not appear to have an official English name. 9 These conditions are listed in Article 72 of the Criminal Law of the People s Republic of China. According to Article 76 of the law, any criminal pronounced to have a suspended sentence is subject to community correction during the period for suspension of sentence and, if none of the situations set out in Article 77 occur (e.g., commission of crimes), his sentence will not be enforced upon expiration of the period. See 中华人民共和国刑法 (Criminal Law of the People s Republic of China), supra note 1, Articles 72, 76, and 马乐利用未公开信息交易二审刑事裁定书 (The Second-Instance Criminal Ruling of MA Le s Use of Nonpublic Information for Trading) (2014) 粤高法刑二终字第 137 号刑事裁定 ((2014) Yue Gao Fa Xing Er Zhong Zi No. 137 Criminal Ruling), rendered by the High People s Court of Guangdong Province on Oct. 20, 2014,
5 that where [a person] used nonpublic information for trading and the circumstances are serious, [the person] shall be punished in accordance with the provisions of Paragraph 1. [Paragraph 4] does not provide for a situation where the circumstances are particularly serious for the crime of using nonpublic information for trading. Furthermore, according to Article 180 Paragraph 1: Where [a person has committed a crime covered by the provision], and the circumstances are serious, [the person] shall be sentenced to a limited-term imprisonment or detention of no more than five years and in addition or as sole [punishment] shall be fined one to five times [his] unlawful gains. Therefore, MA Le s use of nonpublic information for trading was a type of commission of crime under circumstances that were serious, and [he] should be sentenced to a punishment within this range of the sentencing level. The sentencing in the original judgment was proper and the grounds for protest of the protesting organ could not stand and were not accepted. Thereupon, [the court] ruled to reject the protest and to uphold the original judgment. After the second-instance ruling s coming into effect, the People s Procuratorate of Guangdong Province requested that the Supreme People s Procuratorate lodge a protest with the Supreme People s Court in accordance with adjudication supervision procedures. The Supreme People s Procuratorate protested: Article 180 Paragraph 4 of the Criminal Law [shows] a situation where statutory sentences are cited and [the citation] should [be considered as] a citation to all of the provisions regarding punishment [stated] in Paragraph 1. The degrees of illegality and liability for the crime of using nonpublic information for trading and for the crime of insider trading or divulging inside information are more-or-less equivalent and thus [their] statutory sentences should be more-or-less equivalent. MA Le s acts should be determined to be a commission of a crime where the circumstances were particularly serious, and the suspension of his sentence was manifestly improper. On the grounds that Article 180 Paragraph 4 of the Criminal Law does not provide for [a situation where] the circumstances are particularly serious for the crime of using nonpublic information for trading, the final ruling of this case assessed MA Le s criminal acts to be of a lower degree. This was an error in the application of law, resulted in improper sentencing, and should be corrected in accordance with law. The Supreme People s Court formed a collegial panel in accordance with law to directly conduct a retrial of the case and to hold a public hearing to adjudicate it. The facts ascertained during the retrial were basically the same as those [ascertained] during the original adjudication. Defendant MA Le s illegally derived benefits were determined during the original adjudication to be RMB 18,833, There was an error in the calculation; the amount actually should be RMB 19,120, and should be corrected in accordance with law. full text available on the Stanford Law School China Guiding Cases Project s website, at
6 In the (2015) Xing Kang Zi No. 1 Criminal Judgment, the Supreme People s Court opined: 11 defendant MA Le s acts constituted the crime of using nonpublic information for trading. MA Le used nonpublic information for trading 76 shares of stock, accruing a trading amount of over RMB 1.05 billion and having illegally derived benefits of over RMB 19,120,000. These were particularly serious circumstances. MA Le took the initiative to return from abroad to turn himself in and surrender; these were statutory circumstances for reducing sentencing and punishment. [At a time when] he was still not under [any authority s] control, [MA Le] converted the shares into cash to deposit into the three accounts involved in the case and then took the initiative to explain the situation to the China Securities Regulatory Commission, 12 returned all of [his] unlawful gains, and confessed [his] crime and repented with a good attitude. [Furthermore,] the illicit funds were not squandered and the fine [imposed] by the original adjudication could be paid in full. In light of [the existence of] these circumstances for which [a court] may consider a reduction of punishment, MA Le s punishment could be reduced. In the first-instance judgment and the second-instance ruling, [the courts] clearly ascertained the facts, the evidence was credible and sufficient, and the conviction was accurate. However, an incorrect understanding of legal rules resulted in improper sentencing and should be corrected. According to Article 180 Paragraph 4 and Paragraph 1, Article 67 Paragraph 1, Article 52, Article 53, and Article 64 of the Criminal Law of the People s Republic of China as well as Article 389 Item (3) of the Interpretation of the Supreme People s Court on the Application of the Criminal Procedure Law of the People s Republic of China, 13 [the Supreme People s Court rendered] the following judgment: 1. [The court] upholds the parts of the (2014) Yue Gao Fa Xing Er Zhong Zi No. 137 Criminal Ruling of the High People s Court of Guangdong Province and the (2014) Shen Zhong Fa Xing Er Chu Zi No. 27 Criminal Judgment of the Intermediate People s Court of Shenzhen Municipality regarding the conviction of defendant MA Le. 2. [The court] revokes the parts of the (2014) Yue Gao Fa Xing Er Zhong Zi No. 137 Criminal Ruling of the High People s Court of Guangdong Province and the (2014) Shen Zhong Fa Xing Er Chu Zi No. 27 Criminal Judgment of the Intermediate People s Court of 11 原审被告人马乐利用未公开信息交易案再审刑事判决书 (The Retrial Criminal Judgment of a Case About Defendant MA Le s Use of Nonpublic Information for Trading) (2015) 刑抗字第 1 号刑事判决 ((2015) Xing Kang Zi No. 1 Criminal Judgment), rendered by the Supreme People s Court on Nov. 23, 2015, full text available on the Stanford Law School China Guiding Cases Project s website, at 12 The name 中国证券监督管理委员会 is translated here as China Securities Regulatory Commission in accordance with the translation used on the Commission s website, 13 最高人民法院关于适用 中华人民共和国刑事诉讼法 的解释 (Interpretation of the Supreme People s Court on the Application of the Criminal Procedure Law of the People s Republic of China ), passed by the Adjudication Committee of the Supreme People s Court on Nov. 5, 2012, issued on Dec. 20, 2012, effective as of Jan. 1, 2013,
7 Shenzhen Municipality regarding the sentencing of defendant MA Le and the recovering of [his] unlawful gains. 3. Defendant MA Le committed the crime of using nonpublic information for trading and is [therefore] sentenced to a limited-term imprisonment of three years and fined RMB 19,130, [The court orders] the recovery in accordance with law of [defendant MA Le s] unlawful gains of RMB 19,120, and their turning over to the State Treasury. Reasons for the Adjudication In the effective judgment, the court opined: 14 the facts of this case were clear, the conviction was accurate, and the focal points of the dispute were how to correctly understand the citation in Article 180 Paragraph 4 of the Criminal Law to Paragraph 1 and how to grasp the standards for determining [when] the circumstances are particularly serious for the crime of using nonpublic information for trading. 1. On Understanding the Citation in Article 180 Paragraph 4 of the Criminal Law to the Sentencing Circumstances of Paragraph 1 and Grasping [Its Application] With respect to the crimes of insider trading and divulging inside information, Article 180 Paragraph 1 of the Criminal Law provides: Where before the information involving the issuance of securities or the trading of securities or futures, or other information that has major effects on the trading prices of securities or futures, is made public, a person who has inside information regarding the trading of the securities or futures or a person who illegally obtains inside information regarding the trading of the securities or futures buys or sells the securities, engages in futures trading related to the inside information, divulges the information, or explicitly or implicitly suggests that others engage in the abovementioned trading activities, and the circumstances are serious, [the person] shall be sentenced to a limited-term imprisonment or detention of no more than five years 15 and in addition or as sole [punishment] shall be fined one to five times 16 [his] unlawful gains. If[, however,] the circumstances are particularly serious, [the person] shall be sentenced to a limited-term imprisonment of five to ten years and 14 The Chinese text does not specify which court opined. Given the context, this should be the Supreme People s Court. 15 The text reads 五年以下,which is translated herein as no more than five years because Article 99 of the Criminal Law provides that any reference relating a number with 以上 ( above ), 以下 ( below ), or 以内 ( within ) includes the number itself. See 中华人民共和国刑法 (Criminal Law of the People s Republic of China), supra note 1, Article The text reads 一倍以上五倍以下, which is translated herein as one to five times because of the interpretation of 以上 and 以下 in Article 99 of the Criminal Law. See id.
8 in addition or as sole [punishment] shall be fined one to five times [his] unlawful gains. With respect to the crime of using nonpublic information for trading, [Article 180] Paragraph 4 [of the Criminal Law] provides: Where an employee of a stock exchange, futures exchange, securities company, futures brokerage company, fund management company, commercial bank, insurance company, or other financial institution, or a staff member of a related regulatory department or industry association, uses nonpublic information which is not inside information but which is obtained through conveniences of [his] office to engage, in violation of provisions, in securities or futures trading activities related to the information, or to explicitly or implicitly suggest that others engage in related trading activities, and the circumstances are serious, [the employee or the staff member] shall be punished in accordance with the provisions of Paragraph 1. On [the issue of] how [the phrase] [w]here [ ] the circumstances are serious, [the employee or the staff member] shall be punished in accordance with the provisions of Paragraph 1 in Paragraph 4 should be understood, there existed different understandings in judicial practice. One view was that Paragraph 4 only provided for a situation where the circumstances are serious and did not provide for a situation where the circumstances are particularly serious. Therefore, [the phrase] [w]here [ ] the circumstances are serious, [the employee or the staff member] shall be punished in accordance with the provisions of Paragraph 1 could only [mean that the employee or the staff member shall] be punished in accordance with the circumstances are serious sentencing level [stated] in Paragraph 1. Another view was that [the phrase] circumstances are serious in Paragraph 4 was only a conviction provision, i.e., in a situation where the circumstances were more than serious, [the employee or the staff member was convicted of the crime in accordance with Paragraph 4 but could be] punished in accordance with the provisions of Paragraph 1. As for the specific punishment, [according to this view, a court] should see whether the situation conformed to one where the circumstances are serious or one where the circumstances are particularly serious [as provided for] in Paragraph 1 and should sentence [the employee or the staff member] respectively in accordance with law. Where the circumstances were serious, [the person was to be] sentenced to a limited-term imprisonment [ ] of no more than five years and where the circumstances were particularly serious, [the person was to be] sentenced to a limited-term imprisonment of five to ten years. The Supreme People s Court opined: the citation of statutory sentences provided for in Article 180 Paragraph 4 of the Criminal Law should be [considered as] the citation of all statutory sentences [provided for] in Paragraph 1. This means that the crime of using nonpublic information for trading should have two types of situations where circumstances are serious
9 and where circumstances are particularly serious and two [corresponding] sentencing levels. The specific reasons for this understanding were as follows: (1) It accords with the legislative purpose of the Criminal Law. The acts of using nonpublic information for trading occur relatively frequently in the fields of funds, securities, futures, etc. within China. 17 The actors, by using an enormous amount of capital invested by the public as backing, buy in advance or sell in advance to obtain enormous amounts of illegal benefits, passing the risks and losses [associated with this kind of trading] to other investors. [These acts] not only harm property interests of [the actors ] work units, but also seriously undermine the principles of an open, just, and fair securities market, seriously harm interests of client investors and [interests of] individual investors who are disadvantaged by [having less] information, seriously harm the goodwill of the financial industry and affect the trust of investors in financial institutions, and finally, seriously affect the healthy development of asset management and markets for funds, securities, and futures. For these reasons, Amendment (VII) to the Criminal Law of the People s Republic of China 18 added the crime of using nonpublic information for trading and placed this crime in the same legal rule as the crime of insider trading or divulging inside information. [This] demonstrates that the degrees of illegality and liability for these two crimes are quite equivalent. [The phrase] circumstances are particularly serious should also apply to the crime of using nonpublic information for trading. (2) It accords with the meaning of the legal rules. First, [the phrase] circumstances are serious in Article 180 Paragraph 4 of the Criminal Law is a conviction provision. The Provisions (II) of the Supreme People s Procuratorate and the Ministry of Public Security on Standards for Registering Criminal Cases Under the Jurisdiction of Public Security Organs for Investigation and Prosecution 19 provides the circumstance standards for investigating and prosecuting the crime of using nonpublic information for trading and explains that the crime must reach [a situation] where circumstances are serious [before] it can be investigated and prosecuted. The crime of using nonpublic information for trading is a crime of circumstance. The legislation must make clear the attributes of this crime of circumstance, and thus it needs the help of the expression circumstances are serious to avoid a conviction for acts [in situations] where the circumstances are not serious. Furthermore, [the phrase] circumstances are serious in this paragraph does not have the nature of a sentencing provision. In many articles of the Criminal Law, [the phrase] 17 The original text reads 我国 ( my country ) and is translated herein as China. 18 中华人民共和国刑法修正案( 七 ) (Amendment (VII) to the Criminal Law of the People s Republic of China), supra note 最高人民检察院 公安部关于公安机关管辖的刑事案件立案追诉标准的规定( 二 ) (Provisions (II) of the Supreme People s Procuratorate and the Ministry of Public Security on Standards for Registering Criminal Cases Under the Jurisdiction of Public Security Organs for Investigation and Prosecution), Article 36, issued on and effective as of May 7, 2010, /t _ htm.
10 circumstances are serious has the nature of both a conviction provision and a sentencing provision; but in all [these instances], without exception, there is a specific statutory sentence following [the phrase]. [By contrast], after [the phrase] circumstances are serious in Article 180 Paragraph 4 of the Criminal Law, there is no specific statutory sentence following it; instead, the statutory sentence for the crime of insider trading or divulging inside information is referenced. Therefore, [the phrase] circumstances are serious in this paragraph has the nature only of a conviction provision, not [also] the nature of a sentencing provision. (3) It accords with the [general] understanding of the legislative technique of citing to a statutory sentence. Citing to a statutory sentence refers to [a situation where legislation] does not provide an independent statutory sentence for a certain crime, but instead cites to the statutory sentence of another crime to serve as the statutory sentence of the [given] crime. The purpose of the citation to a statutory sentence in Article 180 Paragraph 4 of the Criminal Law is to avoid repetition in the textual expression of legal rules and it is not a situation where legal provisions are unclear. In summary, although Article 180 Paragraph 4 of the Criminal Law does not explicitly [use] the expression circumstances are particularly serious, it should, based on the legislative purpose of setting up this provision, the meaning of the legal rules, and legislative technique, [be interpreted to] include the situation where circumstances are particularly serious and [the corresponding] sentencing level. 2. Standards for determining [when] circumstances are particularly serious for the crime of using nonpublic information for trading There is currently no special provision concerning the standards for determining [when] circumstances are particularly serious for the crime of using nonpublic information for trading. However, in light of [the fact that] the Criminal Law provides that the crime of using nonpublic information for trading shall refer to the punishment provided for the crime of insider trading or divulging inside information, the standards for determining [when] circumstances are particularly serious for the crime of insider trading or divulging inside information situations [where] the trading amount is at least RMB 2.5 million and the [illegally] derived benefits are at least RMB 750,000 as [set forth] in the Interpretation of the Supreme People s Court and the Supreme People s Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Insider Trading or Divulging Inside Information 20 should also be followed for the crime of using nonpublic information for trading. MA Le used nonpublic information to carry out trading activities, accruing a trading amount of over RMB 1.05 billion and illegally deriving benefits of over RMB 19,120,000. This far surpassed the above-mentioned standards. In addition, at the time of the case, this was the 20 最高人民法院 最高人民检察院关于办理内幕交易 泄露内幕信息刑事案件具体应用法律若干问题的解释 (Interpretation of the Supreme People s Court and the Supreme People s Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Insider Trading or Divulging Inside Information), passed by the Adjudication Committee of the Supreme People s Court on Oct. 31, 2011 and by the Procuratorial Committee of the Supreme People s Procuratorate on Feb. 27, 2012, issued on Mar. 29, 2012, effective as of June 1, 2012,
11 largest amount [of money] that had been seized for this type of crime in the entire country. Referring to the Interpretation of the Supreme People s Court and the Supreme People s Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Insider Trading or Divulging Inside Information, the circumstances of MA Le s crime should be [considered as] circumstances [that] are particularly serious. (Adjudication personnel of the effective judgment: LUO Zhiyong, DONG Chaoyang, and LI Jiantao)
WANG Xinming, A Contract Fraud Case CHINA GUIDING CASES PROJECT
WANG Xinming, A Contract Fraud Case Guiding Case No. 62 (Discussed and Passed by the Adjudication Committee of the Supreme People s Court Released on June 30, 2016) CHINA GUIDING CASES PROJECT English
More informationMAO Jianwen, CHINA GUIDING CASES PROJECT
MAO Jianwen, A Case of Refusing to Carry Out a Judgment or Ruling Guiding Case No. 71 (Discussed and Passed by the Adjudication Committee of the Supreme People s Court Released on December 28, 2016) CHINA
More informationLI Jianxiong v. Department of Transport of Guangdong Province, A Case About Open Government Information
LI Jianxiong v. Department of Transport of Guangdong Province, A Case About Open Government Information Guiding Case No. 26 (Discussed and Passed by the Adjudication Committee of the Supreme People s Court
More informationGuiding Case No. 53 (Discussed and Passed by the Adjudication Committee of the Supreme People s Court Released on November 19, 2015)
The Fuzhou Wuyi Sub-Branch of Fujian Haixia Bank Co., Ltd. v. Changle Yaxin Sewage Treatment Co., Ltd. and Fuzhou Municipal Administration and Engineering Co., Ltd., A Dispute over a Financial Borrowing
More informationGuiding Cases in Perspective TM 指导性案例透视. Guiding Case No. 10: CGCP Annotations. April 30, 2016 Edition
Guiding Cases in Perspective TM TM 指导性案例透视 Dr. Mei Gechlik Founder and Director, China Guiding Cases Project Lear Liu and XIAO Qin Editors, China Guiding Cases Project Guiding Case No. 10: CGCP Annotations
More informationShanghai Jwell Machinery Co., Ltd. and Retech Aktiengesellschaft, Switzerland, An Enforcement Reconsideration Case on an Arbitral Award
Shanghai Jwell Machinery Co., Ltd. and Retech Aktiengesellschaft, Switzerland, An Enforcement Reconsideration Case on an Arbitral Award Guiding Case No. 37 (Discussed and Passed by the Adjudication Committee
More informationGuiding Case No. 43 (Discussed and Passed by the Adjudication Committee of the Supreme People s Court Released on December 25, 2014)
Haikou Binhai Avenue (Tianfu Hotel) Securities Business Department of Guotai Junan Securities Co., Ltd., A Case of an Application for Compensation for Erroneous Enforcement Guiding Case No. 43 (Discussed
More informationGuiding Cases in Perspective TM 指导性案例透视. Guiding Case No. 11: CGCP Annotations. April 30, 2016 Edition
Guiding Cases in Perspective TM TM 指导性案例透视 Dr. Mei Gechlik Founder and Director, China Guiding Cases Project Adrian Lo and Roland C. Reimers Editors, China Guiding Cases Project : CGCP Annotations April
More informationGuiding Case No. 88 (Discussed and Passed by the Adjudication Committee of the Supreme People s Court Released on November 15, 2017)
ZHANG Daowen, TAO Ren, et al. v. The People s Government of Jianyang Municipality, Sichuan Province, A Case of Infringing Upon the Right to Operate Manpower Passenger Tricycle Businesses Guiding Case No.
More informationThe Compilation and Application of China s Guiding Cases
Judge GUO Feng Deputy Director, Research Office of the Supreme People s Court Executive Editor-in-Chief, Case Guidance in China Honorary Adviser, China Guiding Cases Project of Stanford Law School The
More informationOU Zelin. Discussing the Guiding Case System with Chinese Characteristics By First Combining Guiding Case No. 1 with Adjudication Practices
OU Zelin Judge of the Second Civil Tribunal of the Dongguan Municipality No. 2 People s Court in Guangdong Province * Discussing the Guiding Case System with Chinese Characteristics By First Combining
More informationSHA Mingbao et al. v. The People s Government of Huashan District, Ma anshan Municipality, CHINA GUIDING CASES PROJECT
SHA Mingbao et al. v. The People s Government of Huashan District, Ma anshan Municipality, A Case of Administrative Compensation for Compulsory Demolition of Housing Guiding Case No. 91 (Discussed and
More informationGuiding Cases in Perspective TM 指导性案例透视
Guiding Cases in Perspective TM TM 指导性案例透视 LI Jianjun v. Shanghai Jiapower Environment Protection Science and Technology Co., Ltd., A Corporate Resolution Revocation Dispute Guiding Case No. 10 (Discussed
More informationBriefing Paper. A Brief Introduction to the Chinese Judicial System and Court Hierarchy. Yifan Wang, Sarah Biddulph and Andrew Godwin
Briefing Paper A Brief Introduction to the Chinese Judicial System and Court Hierarchy Yifan Wang, Sarah Biddulph and Andrew Godwin S The Briefing Paper Series is edited by Professor Pip Nicholson and
More informationThe Changing Landscape of Environmental Litigation in China from the 1990s to 2016
The Changing Landscape of Environmental Litigation in China from the 1990s to 2016 Zhang Jingjing 张兢兢 Environmental Law Institute Visiting Scholar Center for Legal Assistance to Pollution Victims (CLAPV)
More informationStrategies for Trade Secrets Protection in China
Northwestern Journal of Technology and Intellectual Property Volume 9 Issue 7 Spring Article 1 Spring 2011 Strategies for Trade Secrets Protection in China J. Benjamin Bai Partner, Allen & Overy, benjamin.bai@allenovery.com
More informationChinese Business Law. Chinese Legal System: Sources and Lawmaking in the People s Republic of China
Prof. Knut B. Pißler Research Fellow Max Planck Institute for Comparative and International Private Law Chinese Business Law Chinese Legal System: Sources and Lawmaking in the People s Republic of China
More informationChina s Case Guidance System: Application and Lessons Learned (Part I)
Guiding Cases Surveys TM TM 指导性案例调查 Dr. Mei Gechlik Founder and Director, China Guiding Cases Project Chenchen Zhang Editor, China Guiding Cases Project Li Huang Editor, China Guiding Cases Project China
More informationGuiding Cases Analytics TM
Guiding Cases Analytics TM TM 指导性案例分析 Dr. Mei Gechlik Founder and Director, China Guiding Cases Project Issue No. 2 (July 2014) Guiding Cases Analytics TM analyzes trends in the Guiding Cases selected
More informationBriefing Note on China s Response to the Committee s List of Issues Submitted to the Committee on the Rights of the Child.
Briefing Note on China s Response to the Committee s List of Issues Submitted to the Committee on the Rights of the Child September 2013 The diverse and complex issues impacting on the rights of children
More informationTowards the Rule of Law: Judicial Lawmaking in China
Bond Law Review Volume 28 Issue 2 Article 3 2016 Towards the Rule of Law: Judicial Lawmaking in China Vai Io Lo Bond University, vlo@bond.edu.au Follow this and additional works at: http://epublications.bond.edu.au/blr
More informationWANG Lifeng. The Necessity and Function of China s Guiding Cases System
WANG Lifeng Professor of the Central Party School of the People s Republic of China The Necessity and Function of China s Guiding Cases System CHINA GUIDING CASES PROJECT October 15, 2013 () The citation
More informationFRONTIERS OF LAW IN CHINA ARTICLE. ZHAO Yanrong *
FRONTIERS OF LAW IN CHINA VOL. 12 JUNE 2017 NO. 2 DOI 10.3868/s050-006-017-0015-7 ARTICLE THE COURTS ACTIVE ROLE IN THE STRIVING FOR JUDICIAL INDEPENDENCE IN CHINA ZHAO Yanrong * Abstract In China, different
More informationBelt & Road Typical Case 13: Towards a Liberal Interpretation of the Reciprocity Principle for Recognition and Enforcement of Foreign Judgments
Issue No. 3 March 27, 2018 In Belt & Road Typical Case 13, 1 the Supreme People s Court (the SPC ) endorsed the liberal approach that the Intermediate People s Court of Nanjing Municipality, Jiangsu Province,
More informationGuiding Cases Analytics TM 指导性案例分析
Guiding Cases Analytics TM TM 指导性案例分析 Issue No. 3 (January 2015) Dr. Mei Gechlik * Founder and Director, China Guiding Cases Project * * * Guiding Cases Analytics TM analyzes trends in the Guiding Cases
More informationGuiding Cases in Perspective TM 指导性案例透视. CHINA GUIDING CASES PROJECT Guiding Case No. 11 Highlighted Edition April 30, 2016 *
Guiding Cases in Perspective TM TM 指导性案例透视 YANG Yanhu et al., A Graft Case Guiding Case No. 11 (Discussed and Passed by the Adjudication Committee of the Supreme People s Court Released on September 18,
More informationCIETAC HONG KONG MOCK ARBITRATION. 29 September 2016 Beijing
CIETAC HONG KONG MOCK ARBITRATION 29 September 2016 Beijing WELCOME REMARKS Dr. WANG Wenying Secretary General, CIETAC Hong Kong Arbitration Center Secretary General, CMAC Hong Kong Arbitration Center
More informationThe Anti-Monopoly Law: Still a Work in Progress
I. Introduction The Anti-Monopoly Law: Still a Work in Progress Paul Jones The adoption of the 中华人民共和国反垄断法 1 or Anti-Monopoly law (the AML ) on August 30, 2007 may yet turn out to be one of the more significant
More informationPrivate securities litigation in China: Passive people's courts and weak investor protection
Bond Law Review Volume 26 Issue 1 Article 4 2015 Private securities litigation in China: Passive people's courts and weak investor protection Jin Sheng Follow this and additional works at: http://epublications.bond.edu.au/blr
More informationFRONTIERS OF LAW IN CHINA ARTICLE. FAN Xiaoliang, * LI Qingming **
FRONTIERS OF LAW IN CHINA VOL. 10 JUNE 2015 NO. 2 DOI 10.3868/s050-004-015-0017-3 ARTICLE COMPARATIVE STUDY ON SELECTED ASPECTS OF THE LATEST PRIVATE INTERNATIONAL LAW LEGISLATION ACROSS THE TAIWAN STRAITS
More informationPart I PPH using the national work products from the NBPR
Procedures to File a Request to the SIPO (State Intellectual Property Office of the P R China) for Patent Prosecution Highway Pilot Program between the SIPO and the NBPR (National Board of Patents and
More information跨境争议解决 Cross-border Dispute Resolution
www.dachenglaw.com 北京市东直门南大街 3 号国华投资大厦 5 层 /12 层 /15 层 (100007) 5/F, 12/F, 15/F, Guohua Plaza, 3 Dongzhimennan Avenue, Beijing 100007, China Tel: +8610-58137799 Fax: +8610-58137788 中国法通讯 China Law Newsletter
More informationFood Safety Governance and Its Reform in China
Food Safety Governance and Its Reform in China Song Hualin (Law Professor of Nankai Law School) About Me v Law Professor, Law School, Nankai University v Ph.D. in Constitutional Law and Administrative
More informationON BUILDING CHINA S NEW IP CASE SYSTEM: A DISCUSSION WITH CHINESE JUDGES LEGAL AND BIG DATA EXPERTS. Guiding Cases Seminars TM TM 指导性案例研讨会
Guiding Cases Seminars TM TM 指导性案例研讨会 SEMINAR SUMMARY ON BUILDING CHINA S NEW IP CASE SYSTEM: A DISCUSSION WITH CHINESE JUDGES AS WELL AS LEGAL AND BIG DATA EXPERTS STANFORD LAW SCHOOL October 19, 2017
More informationThe Dui Hua Foundation 450 Sutter Street, Suite 900, San Francisco, CA Tel: (415) Fax: (415)
450 Sutter Street, Suite 900, San Francisco, CA 94108 Tel: (415) 986-0536 Fax: (415) 986-0579 NGO Submission for the Universal Periodic Review of the People s Republic of China: Promoting Increased Transparency
More informationNinon Colneric. Guiding by Cases in a Legal System Without Binding Precedent: The German Example
Ninon Colneric Former Co-Dean of the China EU School of Law at the China University of Political Science and Law Former Judge of the Court of Justice of the European Communities Guiding by Cases in a Legal
More informationChapter 2 An Overview of Shareholder Litigation
Chapter 2 An Overview of Shareholder Litigation 2.1 Introduction Shareholder litigation is traditionally perceived as being about compensating shareholders for infringements of their rights or for losses
More informationPRACTITIONERS PERSPECTIVE ON ADVANCES IN CHINA S JUDICIAL REFORM
PRACTITIONERS PERSPECTIVE ON ADVANCES IN CHINA S JUDICIAL REFORM Primary Author: Jacob Blacklock Contributing Authors: Christopher Fung, ZHENG Yang, ZHANG Shili, KONG Xingxing, WANG Yu, XU Hui** Table
More informationNinon Colneric. Guiding by Cases in a Legal System Without Binding Precedent: The German Example
Ninon Colneric Former Co-Dean of the China EU School of Law at the China University of Political Science and Law Former Judge of the Court of Justice of the European Communities Guiding by Cases in a Legal
More informationFRONTIERS OF LAW IN CHINA ARTICLE. LU Haina, HAO Wanyuan. nationality issues, Vietnam brides, reduction of statelessness
FRONTIERS OF LAW IN CHINA VOL. 12 SEPTEMBER 2017 NO. 3 DOI 10.3868/s050-006-017-0023-0 ARTICLE PROTECTION OF STATELESS PERSONS IN CHINA: A HUMAN RIGHTS PERSPECTIVE LU Haina, HAO Wanyuan Abstract Statelessness
More informationGuiding Cases SeminarsTM 指导性案例研讨会 TM
Guiding Cases SeminarsTM 指导性案例研讨会 TM SEMINAR SUMMARY CHINA S GUIDING CASES SYSTEM TURNS SIX: RETROSPECT AND PROSPECT STANFORD CENTER AT PEKING UNIVERSITY NOVEMBER 22, 2016* I. Overview On November 22,
More information출입국관리법시행규칙 [ 별지제17 호서식] ( 第一页 / Page1) 签证发给申请表 APPLICATION FOR VISA
출입국관리법시행규칙 [ 별지제17 호서식] ( 第一页 / Page1) 签证发给申请表 APPLICATION FOR VISA < 申请表填写方法 > 申请人须以事实为根据, 并将在以下空格处完整记载 申请人必须用韩文 在相关选项的 [ ] 内打钩 如您选择其他 英文或中文填写以下申请表 请写具体内容 You must fill out
More informationPUSHING THE ENVELOPE: APPLICATION OF GUIDING CASES IN CHINESE COURTS AND DEVELOPMENT OF CASE LAW IN CHINA
Compilation 2017 Washington International Law Journal Association PUSHING THE ENVELOPE: APPLICATION OF GUIDING CASES IN CHINESE COURTS AND DEVELOPMENT OF CASE LAW IN CHINA Mo Zhang Abstract: The modern
More informationREHABILITATING OR STRENTHENING THE U.S. PATENT THAT MAY BE DEFECTIVE OR VUNERABLE TO THIRD PARTY VALIDITY CHALLENGE
REHABILITATING OR STRENTHENING THE U.S. PATENT THAT MAY BE DEFECTIVE OR VUNERABLE TO THIRD PARTY VALIDITY CHALLENGE THREE EX PARTE PROCEDURES IN THE UNITED STATES PATENT AND TRADEMARK OFFICE (USPTO) AVAILABLE
More informationSubmitted to the Committee on the Rights of the Child for its pre-sessional working group NOVEMBER 2012
Suggested questions and issues to be raised with the Chinese government in advance of the review of its third report on the implementation of the Convention on the Rights of the Child Submitted to the
More informationAREAS OF RESEARCH AND TEACHING
Xin HE (Frank) School of Law, City University of Hong Kong; lwxin@cityu.edu.hk; 3442-7202 EDUCATION Doctor of the Science of Law (JSD), School of Law, STANFORD UNIVERSITY, 2004 Master of the Science of
More informationChinese Business Law. Contract Law in China A Comparative Approach
Prof. Knut B. Pißler Research Fellow Max Planck Institute for Comparative and International Private Law Chinese Business Law Contract Law in China A Comparative Approach 1 Contract Law in the PR China:
More informationChina s Development Strategy 中国的发展战略
China s Development Strategy 中国的发展战略 Professor Li Zhongjie Member of CPPCC National Committee, Former Deputy Director of Party History Research Center of the CPC Central Committee 李忠杰全国政协委员 中共中央党史研究室原副主任
More informationCHINA S EVOLVING CASE LAW SYSTEM IN PRACTICE. Susan Finder* Table of Contents
CHINA S EVOLVING CASE LAW SYSTEM IN PRACTICE Susan Finder* Table of Contents I. CASE LAW PRACTICE...247 A. Judiciary...247 1. The Supreme People's Court... 247 2. Lower courts... 251 B. Procuratorate...253
More informationWhither the Next Chinese Judicial Reform on the Local Judiciary Challenging the Government Under the Judicial Context
Whither the Next Chinese Judicial Reform on the Local Judiciary Challenging the Government Under the Judicial Context Zhou Yu ABSTRACT Having noted the latest judicial reform proposal in China, this paper
More informationTHE CISG AND MODERNISATION OF CHINESE CONTRACT LAW
67 THE CISG AND MODERNISATION OF CHINESE CONTRACT LAW Shiyuan Han * This paper considers the impact of the CISG on the modernisation of Chinese contract law. The impact will be examined from a historical
More informationThe New Chinese Anti-Monopoly Law An Overview
VIEWPOINT: The New Chinese Anti-Monopoly Law An Overview Adrian Emch and Qian Hao An eccp Publication November 2007 2007 Adrian Emch and Qian Hao. Published with permission by eccp. The New Chinese Anti-Monopoly
More informationSocial Dialogue in Uganda The FUE NHO CEC Cooperation Eng. Martin S Kasekende Chairman FUE
Foto: Jo Michael Social Dialogue in Uganda The FUE NHO CEC Cooperation Eng. Martin S Kasekende Chairman FUE 1 Social Dialogue in Uganda: The practice It is based on ILO s principle of tripartism Tripartite
More information1. Requirements. PPH using the national work products from the TIPO
Procedures to file a request to the JPO for Patent Prosecution Highway Pilot Program between the JPO (Japan Patent Office) and the TIPO (Taiwan Intellectual Property Office) Applicants can request accelerated
More informationAdministrative Litigation Law of the People's Republic of China (2014 Amendment)[Effective] 中华人民共和国行政诉讼法 (2014 修正 ) [ 现行有效 ]
Please note: This translation is provided by www.lawinfochina.com with exclusive copyright and can not be reproduced for commercial use. Administrative Litigation Law of the People's Republic of China
More informationChina Environment Forum
China Environment Forum Woodrow Wilson Center Washington D.C. April 11, 2007 环境维权诉讼是促进公众参与环境保护的重要途径 The Litigation of Protecting Environmental Rights: An Important Route of the Public Participation in
More informationConstruction Bulletin Hong Kong
Construction Bulletin Projects Procurement Construction Issue 7 July 2013 Welcome to the 7th Issue of our Bulletin. We start this issue with a focus on two perennial issues the back to back payment clause
More informationArticle 37: The right to liberty of person under the Chinese constitution
China-EU Law J (2013) 2:35 67 DOI 10.1007/s12689-011-0002-9 ARTICLE Article 37: The right to liberty of person under the Chinese constitution Otto Malmgren Published online: 13 July 2011 The Author(s)
More informationBeijing Intellectual Property Court. Judicial Protection Data Analysis Report (2015)
Beijing Intellectual Property Court Judicial Protection Data Analysis Report (2015) IPHOUSE Judicial Data Research Center Brief Introduction to the Editorial Organization Beijing IPHOUSE Network Technology
More informationCULPA IN CONTRAHENDO IN CHINESE CONTRACT LAW
CULPA IN CONTRAHENDO IN CHINESE CONTRACT LAW HAN Shiyuan Table of Contents I. INTRODUCTION... 158 II. CHINESE LEGISLATION... 159 III. JUDICIAL INTERPRETATIONS AND CASES... 161 IV. LEGAL THEORIES... 165
More informationEconomic Policy in the Aftermath of the 19 th Party Congress. Barry Naughton. The Lead-up to the Nineteenth Party Congress
Economic Policy in the Aftermath of the 19 th Party Congress Barry Naughton Before the 19 th Party Congress, economic policy was highly focused on ensuring a favorable environment for the Congress. Now
More informationEmployment of Expatriates the Legal Issues
Employment of Expatriates the Legal Issues Garden Hotel Guangzhou 2 November 2011 Jeremy Sargent Managing Partner JSA Guangzhou Office LETS START WITH SOME SCENARIOS 1. Neil starts working with his company
More informationISO/IEC JTC 1/SC 2/WG 2. Universal Multiple-Octet Coded Character Set (UCS) - ISO/IEC Secretariat: ANSI
ISO/IEC JTC 1/SC 2/WG 2 N3271 DATE: 2007-05-23 ISO/IEC JTC 1/SC 2/WG 2 Universal Multiple-Octet Coded Character Set (UCS) - ISO/IEC 10646 Secretariat: ANSI DOC TYPE: Calling Notice Meeting 51 TITLE: 1st
More informationISO/IEC JTC 1/SC 2/WG 2. Universal Multiple-Octet Coded Character Set (UCS) - ISO/IEC Secretariat: ANSI
ISO/IEC JTC 1/SC 2/WG 2 N3271R DATE: 2007-07-10 ISO/IEC JTC 1/SC 2/WG 2 Universal Multiple-Octet Coded Character Set (UCS) - ISO/IEC 10646 Secretariat: ANSI DOC TYPE: 2 nd Calling Notice Meeting 51 TITLE:
More informationEmpirical Study on Utilizing Rural Settlement of Manchu. Taking Qidaoliang Village, Manchu, Beijing as An Example
Empirical Study on Utilizing Rural Settlement of Manchu Taking Qidaoliang Village, Manchu, Beijing as An Example Zhangxiuzhi 1 Chenyuting 2 China Key words: land consolidation;rural settlement;rural tourism;manchu
More informationChanging Policing in the People s Republic of China
Taiwan in Comparative Perspective, Vol. 3, March 2011, pp. 66-98 ISSN 1752-7732 Taiwan Research Programme, London School of Economics Changing Policing in the People s Republic of China Michael Palmer
More informationArista Passport & Visa Services Inc.
Arista Passport & Visa Services Inc. 1. Your Passport. Visa Checklist China Non-US 2. A completed 4-page visa application. (Application must be typed) 3. Present your previous visas to China. 4. Original
More informationThe dissemination of the Five Principles of Peaceful Coexistence
The Journal of International Studies No. 05, 66 8, 05 The dissemination of the Five Principles of Peaceful Coexistence YUAN Zhengqing, SONG Xiaoqin Institute of World Economics and Politics, Chinese Academy
More informationBurdensome Secrets: A Comparative Approach to Improving China s Trade Secret Protections
Fordham Intellectual Property, Media and Entertainment Law Journal Volume 25 Volume XXV Number 2 Volume XXV Book 2 Article 6 2015 Burdensome Secrets: A Comparative Approach to Improving China s Trade Secret
More informationACCA F4 习题详解. Provided by Academy of Professional Accounting (APA) Corporate and Business Law (CL) 公司法和商法第四讲 ACCA Lecturer: Carrie Ni
Professional Accounting Education Provided by Academy of Professional Accounting (APA) ACCA F4 习题详解 Corporate and Business Law (CL) 公司法和商法第四讲 ACCA Lecturer: Carrie Ni ACCAspace 中国 ACCA 特许公认会计师教育平台 Copyright
More informationUS Exclusion from China s Approval Appendix: tension between China s overseas investment regulation and would-be US insourcing objectives.
US Exclusion from China s Approval Appendix: tension between China s overseas investment regulation and would-be US insourcing objectives Taya Cook Amid the lofty campaign rhetoric surrounding the 2004
More informationThe Reform of the Reform Tendencies in China s Administrative Law. New perspectives on the development of administrative law in the People s
10th ECLS Conference on New Perspectives on the Development of Law in China Institute of East Asian Studies, University of Cologne September 25th to 27th 2015 Nina Rotermund Georg-August University Göttingen
More informationOverseas Regulatory Announcement Announcement Resolutions of the Sixteenth Meeting of the Seventh Session of the Board of Directors
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationThe Culture Variable Vis-à-Vis Anti-bribery Law: A Grey Area in Transnational Corporate Criminal Liability
Eur Bus Org Law Rev (2018) 19:183 213 DOI 10.1007/s40804-017-0089-8 ARTICLE The Culture Variable Vis-à-Vis Anti-bribery Law: A Grey Area in Transnational Corporate Criminal Liability Qingxiu Bu 1 Published
More information厦门大学学位论文原创性声明 本人呈交的学位论文是本人在导师指导下, 独立完成的研究成 果 本人在论文写作中参考其他个人或集体已经发表的研究成果, 均 在文中以适当方式明确标明, 并符合法律规范和 厦门大学研究生学 术活动规范 ( 试行 ) 另外, 该学位论文为 ( ) 课题 ( 组 ) 的研究成果,
学校编码 :10384 分类号密级 学号 :25520121154242 UDC 硕士学位论文 金龙公司在印尼的市场调查 Survey on Golden Dragon in Indonesian Market Prianto Indra 指导教师姓名 : 施雪琴 教授 专业名称 : 国际关系 论文提交日期 : 2 0 1 5 论文答辩时间 : 2 0 1 5 学位授予日期 : 2 015 年 4
More informationNational Changhua University of Education Syllabus & Course Schedule
National Changhua University of Education 107-2 Syllabus & Course Schedule ( 留白 )body{font-size:12px;} Course: Foreign Policy Analysis Course Number: 78020 (1SPPC0131620) Instructor: 李毓峰 Credit: 2 Hour(s);
More informationCurrent Status of Civil-Service System in China and Its Orientation to Reform
Chinese Studies, 2015, 4, 45-49 Published Online May 2015 in SciRes. http://www.scirp.org/journal/chnstd http://dx.doi.org/10.4236/chnstd.2015.42007 Current Status of Civil-Service System in China and
More informationReflecting on Development of Evidence Law in China
Reflecting on Development of Evidence Law in China Baosheng Zhang Abstract:Since 1978, Chinese evidence law has experienced significant changes and is now entering a rapid developmental stage prompted
More informationAct on the Promotion of Technology Transfer from Universities to Private Business Operators (Act No. 52 of May 6, 1998)
この大学における技術に関する研究成果の民間事業者への移転の促進に関する法律の翻訳は 平成十七年法律第八七号までの改正 ( 平成 18 年 5 月 1 日施行 ) について 法令用語日英標準対訳辞書 ( 平成 19 年 3 月改訂版 ) に準拠して作成したものです なお この法令の訳は公定訳ではありません 法的効力を有するのは日本語の法令自体であり 翻訳はあくまでその理解を助けるための参考資料です この翻訳の利用に伴って発生した問題について
More informationVISACONNECTION. Passport type: Canadian Country of Travel: China Purpose of Travel: Tourism
Requirements: VISACONNECTION Passport type: Canadian Country of Travel: China Purpose of Travel: Tourism Passport: Please submit your passport with enough blank pages for visa and entry/exit stamps. **Passport
More informationA Nation of Diversity
Unit 01 A Nation of Diversity 多樣性的民族 Key Words CD1-1 01 diversity [da0'v"s3t0] 02 ethnic group ['GLn0k Erup] 03 melting pot ['mglt0h pat] 04 national identity ['n$n3n9 a0'dgnt3t0] 05 authority [3'LCr3t0]
More informationPart I PPH using the national work products from the SIPO
Part I PPH using the national work products from the SIPO Procedures to file a request to the JPO (Japan Patent Office) for Patent Prosecution Highway Pilot Program between the JPO and the SIPO (State
More informationPolicy Forming Mechanisms in Rural China
Policy Forming Mechanisms in Rural China Ai-Jun Qiu China Center for Town Reform and Development Beijing, China 2008 CSD Working Papers No. 08-11 Campus Box 1196 One Brookings Drive St. Louis, MO 63130-9906
More informationCivil Execution Act ( Act No. 4 of 1979)
この民事執行法の翻訳は, 平成十九年六月二十七日法律第九十五号までの改正 ( 平成 2 0 年 12 月 1 日施行 ) について, 法令用語日英標準対訳辞書 ( 平成 20 年 3 月版 ) に準拠して作成したものです なお, この法令の翻訳は公定訳ではありません 法的効力を有するのは日本語の法令自体であり, 翻訳はあくまでその理解を助けるための参考資料です この翻訳の利用に伴って発生した問題について,
More informationMoral and Political Education in China
1 Xi Lan, Tilman Grammes Moral and Political Education in China Hamburger Studientexte Didaktik Sozialwissenschaften, Bd. 7 Universität Hamburg, Fakultät Erziehungswissenschaft, 2015 2 3 National Song
More information为成功投资 投资多伦多 INVEST TO SUCCEED. INVEST TORONTO.
为成功投资 投资多伦多 INVEST TO SUCCEED. INVEST TORONTO. 投资多伦多 INVEST TORONTO 多伦多投资促进局让您掌握多伦多的全球商业机遇 我们旨在为多伦多市吸引海外直接投资 我们提供一对一的咨询服务, 让企业和投资方制定全球化商业投资决策 Invest Toronto is your connection to the global business opportunities
More informationChina and the U.N. Convention on the Law of the Sea
Yu Mincai China and the U.N. Convention on the Law of the Sea Yu Mincai* fter nine years of negotiations by 55 countries and international Aentities, the United Nations Convention on the Law of the Sea
More informationUniversity of Rochester, Political Science Associate Professor, ; Assistant Professor, ; Instructor, January August 1989
EDUCATION MELANIE FRANCES MANION Vor Broker Family Professor of Political Science, Duke University 140 Science Drive, 201 Gross Hall, Box 90204, Durham, NC 27708 Telephone: 919.660.5951 Fax: 919.660.4330
More informationC-8/DG.5/Add 年 10 月 20 日至 24 日 22 October 2003 CHINESE Original: ENGLISH 总干事的说明 关于国家执行措施的报告
禁止化学武器组织 缔约国大会 第八届会议 2003 年 10 月 20 日至 24 日 22 October 2003 CHINESE Original: ENGLISH 总干事的说明 关于国家执行措施的报告 增补 本增补的附件载有总干事关于国家执行措施的报告 (C-8/DG.5,2003 年 9 月 18 日 ) 附件 1 和附件 2 部分条目的修订, 反映了截至 2003 年 10 月 22 日技术秘书处收到的补充资料,
More informationChinese-Language Media Landscape
APPENDIX 3 Chinese-Language Media Landscape Official and Semi-Official Chinese-Language Media By 2018, all of the major official Chinese media outlets had embedded themselves deeply into the communications
More information中华人民共和国签证申请表. thfully 1.3 别名或曾用名 1.5 出生日期 DOB. OB(yyyy-mm-dd. yyyy-mm-dd) 外交 Diplomatic 普通 Ordinary 签发日期 ssue(yyyy-mm-dd.
Form V.2013 中华人民共和国签证申请表 Visa Application Form of the People s Republic of China (For the Mainland of China only) 申请人必须如实 完整 清楚地完整 清楚地填写本表格 请逐项在空白处用中文或英文大写字母打印填写, 或在 内打 选择 如有关项目不适用, 请写 无 The applicant
More informationCHINA VISA APPLICATION
CHINA VISA APPLICATION TRAVELER NATIONALITY Australia STATE OF RESIDENCE Australian Capital Territory DESTINATION China PURPOSE Tourist ALLOWED ENTRIES Single Entry VALIDITY Three Month Validity WE ARE
More informationA/HRC/19/57/Add.3 大会 联合国 任意拘留问题工作组报告 人权理事会第十九届会议议程项目 3 对德国的访问 * **
联合国 A/HRC/19/57/Add.3 大会 Distr.: General 23 February 2012 Chinese Original: English 人权理事会第十九届会议议程项目 3 增进和保护所有人权 公民权利 政治权利 经济 社会和文化权利, 包括发展权 任意拘留问题工作组报告 增编 对德国的访问 * ** 概要任意拘留问题工作组应德国政府邀请, 于 2011 年 9 月 26
More information社会科学的研究设计. (Research Design in the Social Sciences)
社会科学的研究设计 (Research Design in the Social Sciences) 2017-2018 学年, 第二学期时间 : 周五下午 1.30-4.30; 地点 :H5( 教 )410 授课老师 : 唐世平 Office Hour: 周四下午,4.00-5.30PM ( 文科楼 814) 本课程的核心设计思想 : 让学生从别人的博士论文的优点和缺点中学到如何写好的博士论 文
More informationCOURT REFORM WITH CHINESE CHARACTERISTICS
Compilation 2017 Washington International Law Journal Association COURT REFORM WITH CHINESE CHARACTERISTICS Margaret Y.K. Woo Abstract: In Court Reform on Trial: Why Simple Solutions Fail, Malcolm Feeley
More informationYI Yanyou TABLE OF CONTENTS
Can a Government Compulsorily Make Her Citizens More Free? Revisiting Non- Judicial Detentions Under the People s Republic s Administrative Regulations and Their Justifications YI Yanyou TABLE OF CONTENTS
More informationOrders of censorship and propaganda 一 请各 网站将 山 西公安厅交管局 长被查曾为原省委书记警卫员 一 文撤 至后台 二 请将以下新闻改回原标题 : 山东通报巡视整改情况 : 部分地区买官卖官较严重 改回原标题 中共 山东省委关于巡视整改情况的通报
Orders of censorship and propaganda 10 月 10 日 督办指 示 : 一 请各 网站将 山 西公安厅交管局 长被查曾为原省委书记警卫员 一 文撤 至后台 二 请将以下新闻改回原标题 : 山东通报巡视整改情况 : 部分地区买官卖官较严重 改回原标题 中共 山东省委关于巡视整改情况的通报 三 请 网站双 首 页转发以下四篇稿件 : 1 新华 网评 : 深化国防和军队改
More informationChina Business Visa Application Pack
China Business Visa Application Pack Thank you for requesting an application pack for a China Business Visa. Please complete these three sections and then return the application pack and all supporting
More informationUtility Model Act ( Act No. 123 of 1959)
この実用新案法の翻訳は 平成十八年法律第五十五号までの改正 ( 平成 19 年 4 月 1 日施行 ) について 法令用語日英標準対訳辞書 ( 平成 18 年 3 月版 ) に準拠して作成したものです なお この法令の翻訳は公定訳ではありません 法的効力を有するのは日本語の法令自体であり 翻訳はあくまでその理解を助けるための参考資料です この翻訳の利用に伴って発生した問題について 一切の責任を負いかねますので
More informationOnce you have gathered all the information required please send to Key Travel s visa department
Dear Applicant, Thank you for choosing Key Travel to handle your visa application to China Your visa pack contains: Embassy Information Visa requirements for Business and Tourist applications Application
More information