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Tue 5 Jan, 2010 07:09 am
“Guiding Opinions of China Banking Regulatory Commission and the People’s Bank of China on the Pilot Operation of Small-sum Loan Companies”
The above is the official translation of a document jointly release by CBRC and PBC for "experimental operation" of microfinance companies. But I guess "guiding opinion" is not an appropriate translation. What do you think?
@fansy,
It could be. I understand this to mean that this is a document containing legal interpretations ("opinions") of the law so that businesses have some clarity on the implications of the law on their practices (hence the "guiding").
There is neither reason nor to change the phrase. "Guiding opinions" is a technical legal phrase. It is the one usually used in English for opinions issued by official Chinese bodies such as courts and other official bodies such as regulatory commissions , which appear to have legal force to some extent.
Example...
Quote:China Insurance Regulatory Commission (CIRC) promulgated the Guiding Opinion on Regulating the Insurance Company Corporate Governance Structure ( Trial Implementation) Guiding Opinion on 5 January 2006.
Quote:Guiding Opinions of the Beijing Municipal Higher People's Court on Establishment of Liability for Damages for Copyright Infringement
2006-08-03 10:43:15
(No. Jinggaofafa 12/2005 Issued on 11 January 2005)
With a view to protecting the legitimate rights and interests of the copyright owners and the holders of the copyright-related rights, effectively punishing infringing acts, regulating the cultural market order, and harmonizing the enforcement standards, the following opinions on how to establish liability for damages for copyright infringement are hereby presented in accordance with the provisions of the General Principles of the Civil Law of the People’s Republic of China, the Copyright Law of the People’s Republic of China, and the Supreme People’s Court’s Interpretation of Several Issues Relating the Application of Law to Cases of Civil Dispute over Copyright, and in consideration of the practice of the copyright-related trial by the courts in Beijing.
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