RATIONALE Corporate and Business Law is essentially divided into eight areas.

The syllabus starts with an introduction to the overall legal system of China such as the court system,sources of law and judicial interpretations by the Supreme People's Court of China.

It then leads into the area of the property law,including the creation,modification,assignment and termination of property rights;ownership;usufructuary right;security interests and possession.These fields of legal knowledge underpin business transactions generally.

The syllabus then covers a range of specific legal areas relating to various aspects of business of most concern to finance professionals.These are the laws relating to labour contract,contracts,companies,securities and bankruptcy.

These laws include the following five parts:Part 1 covers the formation of labour contract,various forms of labour contract,dissolution and termination of labour contract,special labour contract and legal liabilities.Part 2 covers the formation of contracts,effect of contracts,various demur rights,legal remedies for breach of contracts.Part 3 covers the formation and constitution of companies,the financing of companies and types of capital,and the day-to-day management,the administration and regulation of companies,merger and division of companies.Part 4 covers the application and acceptance of enterprise bankruptcy,bankruptcy administrator,declaration of credit,creditors' meeting and distribution of insolvent assets. Part 5 covering the stocks and corporate bonds,trading of securities,obligation of disclosure and legal liabilities caused by illegal activities.

The final section links back to all the previous areas.This section deals with corporate behaviour relating to business including criminal law.

DETAILED SYLLABUS

A Essential elements of the legal system

1.Court structure

2.Sources of law and the relevant law-making authorities

3.Judicial interpretations by the Supreme People's Court,especially those interpretations relevant to Contract Law and Company Law

B Property law

1.Creation,modification,assignment and termination of properties

2.Ownership

3.Usufructuary Right

4.Security Interests

5.Posession

C Labour contract law

1.Formation of labour contract and effect of labour contract

2.Various forms of labour contract and compulsory provisions of labour contract

3.Dissolution and termination of a labour contract

4.Collective labour contract and despatch of labour service

5.Legal liabilities