News

    1. Home
    2. Information and Activity / News
    DOCVIT News | Director Liu Guangchao was Invited to Attend the CF40 Biweekly Seminar

    Source:   Time: 2017-07-04 11:27:11  Author:

    Preamble: In the afternoon of July 2, 2017, CF40 185th Biweekly Internal Seminar was held in Beijing with theme of “New Asset Management Trend under the Centralized Regulatory Regulations”. Liu Guangchao, Director of Beijing DOCVIT Law Firm and secretary general of Green Legal Global Alliance, was invited to attend the seminar.

    Yang Kaisheng, Chairman of New Finance Union and Former President of ICBC, Xie Ping, CF40 Senior Research Fellow, Lu Lei, head of the financial stability bureau of the People’s Bank of China, Wang Haiming, Secretary General of CF40, Guo Kai, Deputy Director-General of PBOC International Department, Wang Xin, Director-General of PBOC Currency, Gold and Silver Bureau, Zhang Chenghui, Director of Research Institute of Finance, Development Research Center of the State Council, Zhang Jianhua, President of Huaxia Bank, Zheng Jingping, Vice Commissioner of National Bureau of Statistics, Gao He, Deputy General Manager of Huarong Securities, Deng Zhiyi, Director of CBRC Trust Companies Supervision Department, Chen Wei, President of GOME Financial Holdings Investment Co., Ltd., Chen Jianbo, Nonexecutive Director of Agricultural Bank of China, Chen Yijiang, General Manager of NCI Investment Department, Sun Wei, Deputy General Manager of CITIC Industrial Bank Financial Market Department, Tang Ning, CreditEase Founder and CEO, Luo Jinhui, Vice President of CITIC Industrial Bank Asset Management Center, and relevant leaders of the Office of the Central Leading Group on Finance and Economic Affairs and other departments attended this seminar.

    In the seminar, Xie Ping, CF40 Senior Research Fellow and Lu Lei, Head of the Financial Stability Bureau of the People’s Bank of China, delivered the keynote speeches respective with the themes of “Research on China’s Financial Management Institutional Reform” and “Establishing the Even Normalized Asset Management Product Standard Rules”, which interpreted the development and status quo of China’s asset management, asset management risks and chaos, and considerations regarding normalizing the asset management development.

    In the roundtable meeting, the guests conducted in-depth discussion on twelve hot issues of current China’s financial regulation reform, i.e. “what are main disputes of current financial regulations”, “how to objectively realize the complexity of current financial system”, “how to understand the deviations in current financial regulation objectives”, “how to clarify the relation between financial regulation and fiscal and industrial policies”, “how to treat the centralized administrative regulation over the homogeneous types of financial operation”, “how to understand several hot financial regulation reform modes” and “how to correctly understand the principle of financial regulation reform”.

    Director Liu Guangchao gave his views on the above issues from the legal perspective. He said that, “First, current chaos in the asset management is largely caused by lagged financial regulation legislation and legislation departmentalization; it cannot implement rigid uniformity in this issue; in practice, it should make a difference between financial innovation and regulatory arbitrage; second, the fulfillment of unified regulation of asset management poses challenges to the reshaping of legislation system and the reform of regulation system, and to truly unify regulation is a systematic project ; last but not least, it needs to solve five fundamental issues for unified regulation of asset management, i.e. definition, classification, access, negative list and responsibilities; other issues should be solved by the market.”

    Relevant Recommendation

    May be interested

    Professional Team
    Professional Interpretation
    More
    • Preventing corporate governance risks under new Company Law2024-07-03
      The new Company Law promotes the transformation of corporate governance from shareholder primacy to director primacy. This imposes governance responsibility on entrepreneurs such as directors, supervisors, officers (DSOs) and actual controllers of a company, increasing their risk of performing duties with their personal property at stake. Therefore, reducing the risk of entrepreneurs and their families facing compensation over corporate governance is of great concern.
    • How to deal with the failures to fulfill duty of diligence?2021-10-25
      Both party A and party B are shareholders of company a, with a accounting for 30% of the shares and B for a state-owned enterprise holding company, accounting for 50% of the shares. Mr. Li is a director appointed by company B to company a, and also the head of financial department of company A. At the beginning of 2021, party A learned that there was still 1 million yuan of capital contribution of company B due but not paid in, and Mr. Li never called on company B according to his duty when he clearly learned that company B did not fulfill his obligation of capital contribution. In addition, Li used his authority to change the management authority of company A's office system, adjust the relevant processes and procedures of the company's internal management, and put pressure on the employees without reason, resulting in the failure of company A's normal operation for three consecutive months. In view of Li's behavior, how should company a and shareholders a protect the rights and interests of the company and themselves?
    • Voting rights can be restricted if shareholders fail to invest?2021-08-24
      In recent years, the competition for corporate control has become more and more intense. The form of competition is no longer confined to the background, but gradually moved to the stage. In order to fight for corporate control, the disputes about the representation of corporate will caused by the internal power struggle in commercial cases are increasing. Voting right has also become the focus of contention among shareholders. If they fail to fulfill the obligation of capital contribution on schedule, there are serious differences among shareholders about whether their voting right can be limited. In the absence of special provisions in the articles of association, should shareholders vote according to the proportion of paid in capital contribution or the proportion of subscribed capital contribution?
    About DOCVIT
    More
    Beijing Docvit Law Firm (Docvit in short), which was established in 2003, is one of the few earliest law firms instituted as a corporation rather than partnership in China. Aimed at building a high quality law firm with professional competence, Docvit fostered innovation under its unique system of operating as a large-scale corporation. Benefited with its core-competitiveness, such as international insights and full IT application management mode, to name some of them, Docvit pursued cross-border development and established an image of high-end brand in a industrialized market. In 2015, Docvit was ushered into a “3.0 era” of moderate-scale development, which witnessed the gradual formation of nation-wide and world-wide layout with the start-up of branch offices in Tianjin, Jinan, Shenzhen, Shanghai, Chengdu, Taiyuan, Hong Kong, London and other places in succession.
    Performance
    More
    Brand Activity
    More
    Honors
    More
    Over the years, business and brand of DOCVIT have matured and won the "Special Contribution Award of All China Lawyers Association", "Excellent Law Firm in Beijing", "Excellent Law Firm in Chaoyang District", ALB2016 Asia Top Ten Elite Law Firm, 2018 Outstanding Law Firm Award by China Business Law Journal, etc.