Financial services companies doing business in China received welcome guidelines on how to compute their turnover figures in order to determine whether a proposed transaction in the financial sector must be notified to China's Ministry of Commerce (MOFCOM) for clearance under the country's Anti-Monopoloy Law. MOFCOM, together with China's key regulatory agencies overseeing the financial services industry, issued the long awaited guidelines on July 15, 2009. The guidelines go into effect in mid-August 2009. Here are details on who is covered by the new guidelines and what they say.

This Client Alert is provided for your convenience and does not constitute legal advice. It is prepared for the general information of our clients and other interested persons. This Alert should not be acted upon in any specific situation without appropriate legal advice, and it may include links to websites other than the White & Case website. White & Case LLP has no responsibility for any websites other than its own, and does not endorse the information, content, presentation or accuracy, or make any warranty, express or implied, regarding any other website.

This Client Alert is protected by copyright. Material appearing herein may be reproduced or translated with appropriate credit.

© 2009 White & Case LLP