Weekly News

Agreement should pave way for more renminbi investment opportunities
Restrictions lifted on renminbi clearing business

Chinese healthcare company receives private equity financing

PRC property company in US$129 million bond issue

Sino-Ocean Land acquires shares in Hong Kong-listed business

Llinks promotes two

Know your bank-trust products before investment
Banking regulator stops sale of bank-trust wealth management products

Full text translation - July 20 2010
Circular on Issues Relevant to Delegation of the Examination and Approval Authority over Foreign Investments to Lower Levels

New China legislation this week - July 20 2010
Including: Tentative Provisions for Asset or Business Divestitures for the Formation of Concentrations of Business Operators

Mega-IPO for last of the state-owned banks

Sino-Ocean in US$900 million convertible securities issue

Top-up placement for PRC gold miner

Mayer Brown JSM welcomes new projects chief

Mini-QFII products will be subject to Hong Kong law
Yuan-denominated funds to channel renminbi back onshore

Full text translation - July 7 2010
Measures for Administration of the Levy of Income Tax on Non-tax-resident Enterprises by Assessment

New China legislation this week - July 7 2010
Including: Provisions for the Administration of the Reinsurance Business

Chinese pipe company debuts on HKSE

Dacheng expands into Hong Kong

Latham & Watkins develops litigation offering

Simmons & Simmons fortifies its IP group

Reasons to invest in China’s strategic emerging industries
Authorities formulating attractive subsidies and tax breaks

Shanghai investment opportunities coming for savvy investors
Door widens for overseas companies that settle trades in renminbi

Full text translation - June 30 2010
PRC Tort Liability Law

New China legislation this week - June 30 2010
Including: Measures for the Administration of the Information Disclosure of Insurance Companies

First media-focused Rmb fund formed

PRC clean energy company invests in solar product maker

Sidley Austin welcomes new Asia managing partner

Minter Ellison boosts corporate practice

Investors encouraged to seek indigenous product qualification
Landing in the national catalogue could benefit

Full text translation - June 24 2010
Opinion on Several Issues Concerning the Trial of Administrative Cases Involving the Granting and Confirmation of Trademark Rights

New China legislation this week - June 24 2010
Including: Circular on Issues Relevant to Delegation of the Examination and Approval Authority over Foreign Investments to Lower-level Authorities

Revisit operations to prepare for tax policy shifts
Export tax rebate reductions for high-pollution manufacturers

Sinochem pays US$3.07 billion for stake in Brazilian oil field

PRC clean energy company acquires stake in solar technology manufacturer

Agricultural Bank of China and Rabobank enter into a strategic partnership

R&P China Lawyers debuts in Shanghai

Former King & Wood partner to help Simmons & Simmons open in Beijing

Norton Rose boosts corporate team

DLA Piper appoints new Head of Corporate in Beijing

Alternative financing routes for energy-intensive companies
PRC banks ordered to tighten lending

Full text translation - June 9 2010
Measures for the Administration of Insurance Group Companies (Trial Implementation)

New China legislation this week - June 9 2010
Including: Measures for the Administration of the Equity of Insurance Companies

High-yield offering for underground shopping developer

PRC drug company bought by US counterpart

Fangda bolstered by new partners

Cadwalader welcomes new Asia managing partner

Gide strengthens Asia banking practice

Corporate addition for Norton Rose

PRC websites preparing for IPO launches
But foreign investors must watch from the sidelines

Diversified emissions standard needed before carbon tax
China's next five-year plan goes (even more) green

Full text translation - May 18 2010
Measures for Reviewing the Qualifications of Foreign-invested Research and Development Centres for Tax Exemptions/Refunds on Procured Equipment

New China legislation this week - May 18 2010
Including: Several Opinions on Encouraging and Guiding the Healthy Development of Investments from the Private Sector

King & Wood gains international managing partner

Jun He to debut in Silicon Valley

Don’t get caught in an employee dispute
Chinese growing more litigious

Full text translation - May 6 2010
Provisions for the Administration of the Registration of Foreign-invested Partnerships

New China legislation this week - May 6 2010
Including: Opinion on Several Issues Concerning the Trial of Administrative Cases Involving the Granting and Confirmation of Trade marks

Chinese property developer makes high-yield offering

Jeweller Chow Sang Sang makes top-up placement

Paul Hastings and Ropes & Gray win over former Hogan & Hartson managing partners

New partner to help Jade & Fountain open in Beijing

New real estate measures are a band-aid solution
It's a tough environment for property buyers

New benefits for PRC energy service companies
China furthers its green push

Full text translation - April 28 2010
Tentative Measures for the Administration of Financing Security Companies

New China legislation this week - April 28 2010
Annual Report on Intellectual Property Cases

Top-up placement for PRC orange plantation owner

PRC internet company makes Russian investment

Bank of China in Asia’s largest non-sovereign tap

Allbright gains senior international lawyer

New China competition leader for Lovells

Orrick acquires new private equity partner

Brush up on your PRC anti-dumping laws
Don't get caught in a trade dispute

Full text translation - April 21 2010
Tentative Measures for the Tax Administration of Resident Representative Offices of Foreign Enterprises

New China legislation this week - April 21 2010
Including: Circular on Determined Suppression of the Exceedingly Rapid Rise of Certain Urban Housing Prices

China Merchants Bank in $3.2 billion global rights offering

Queensland acquisition for PRC coal company

A boost for Lovells China IP

Llinks expands litigation team

Security review further obstacle to M&As
Foreign acquirers hit another roadblock

How Geely won
Key to PRC automaker's success was in talking to regulators

Full text translation - April 8 2010
Measures for the Establishment of Foreign-invested Equity Investment Fund Management Enterprises in Beijing

New China legislation this week - April 8 2010
Including: Circular on Matters Relevant to the Regulation of Mutual Agency Business Between Insurance Companies

China Lodging debuts on Nasdaq

Swedish manufacturer acquires PRC door maker

Rio Tinto case reminder to keep a watchful eye
Corporate counsel need to pay attention to risks and fortify internal controls

China Unicom and Google's clean break up
Foreign companies have little say when negotiating contracts with top state-owned enterprises

Full text translation - March 31 2010
PRC Copyright Law (2nd Revision)

New China legislation this week - March 31 2010
Including: Measures for the Review of the Eligibility for Tax Exemption/Refund for Procurement of Equipment by Foreign-invested Research and Development Centres

Geely acquires Volvo

Zhongsheng lists in Hong Kong

Trina Solar makes follow-on offering

CST Mining Group fortifies presence

Real estate rules effective in Hainan
Property prices in China need to cool down

Full text translation - March 24 2010
Measures for the Administration of Pilot Projects for the Investment by Commercial Banks in the Equity of Insurance Companies

New China legislation this week - March 24 2010
Including: Circular on Issues Concerning the Implementation of Relevant Articles of Tax Agreements

Chinalco and Rio Tinto partner up on Simandou project

CNOOC forms joint venture in South America

DLA Piper boosts Asia Regulatory practice

Market reaction is key to Shanghai international board
Regulator concerned about impact of foreign listings

Full text translation - March 17 2010
Implementing Rules for the PRC Patent Law (2nd Revision)

New China legislation this week - March 17 2010
Including: Tentative Measures for the Administration of Finance Security Companies

CapitaLand China buys Orient Overseas Developments

Private equity investor teams up with Baidu

Diageo adds PRC alcohol producer to portfolio

Duoyuan Global Water issues follow-on public offering

PRC companies raise funds through placements

PRC vaccine maker offers follow-on

Global Law Office attracts three new partners

US securities hire fortifies Orrick’s China team

IP boost for Stephenson Harwood

New Asia co-head for Skadden

Tengzhong loses Hummer
Offshore purchase unlikely

Full text translation - March 2 2010
Interpretation on Several Issues Concerning the Application of the Law in Trials of Patent Infringement Disputes

New China legislation this week – March 2 2010
Including: PRC Copyright Law (2nd Revision)

TCL completes rights issue

Mapletree fund buys Gateway

Steptoe opens in China

Boss & Young hires PE specialist

Chinese private business confidence drops
2008/9 freeze on IPOs could be to blame

Full text translation - 23rd February 10
Shanghai Municipality, Trial Measures for the Examination, Approval and Registration of Debt-for-equity Swaps of Foreign-invested Enterprises

New China legislation this week – 23rd February 10
Including: Guidelines for Measuring the Regulated Capital in Connection with Risk Exposure in Asset Securitisation of Commercial Banks

PRC steel pipe maker completes global offering

Sino-Forest in Mandra restructuring

Bryan Cave puts focus on international trade

Court clarifies enforcement of Hong Kong arbitral awards
Questions remain over determination of awards’ nationality

Full text translation - 10th February 10
Measures for the Administration of the Establishment of Partnerships in China by Foreign Enterprises or Individuals

New China legislation this week – 10th February 10
Including: Provisions for the Administration of the Registration of Foreign-invested Partnerships

Hebei-based state-owned investor makes US fibre optics investment

New litigation partner for Orrick in Hong Kong

China cracks down on foreign rep offices
Number of reps limited to four

Full text translation - 26th January 10
Measures for the Administration of the Treatment for Which Non-tax-residents are Eligible Under Tax Agreements (Trial Implementation)

New China legislation this week – 26th January 10
Including: Measures for the Administration of Names of Law Firms

More energy for Vinson & Elkins in Shanghai

DLA makes three significant promotions in Asia

A summary of recent rules on Chinese overseas investment
As its economy continues to grow rapidly, China is looking for more outlets for its foreign exchange reserves. This is a trend which is reflected by recent legislation on overseas investment

Full text translation - 19th January 10
Circular on Issues Relevant to the Implementation of Articles on Royalties of Tax Agreements

New China legislation this week – 19th January 10
Including: PRC Implementing Rules for the PRC Patent Law (2nd Revision)

GCL-Poly gets control of Konca Solar

Linklaters names new Asia managing partner

Salans appoints two labour specialists

New foreign partnership regulations fail to impress
Lack of clarity means more waiting for private equity and venture capital firms

Full text translation - 12th January 10
Circular on How to Interpret and Recognise the “Beneficial Owner” in Tax Agreements

New China legislation this week – 12th January 10
Including: Interpretation on Several Issues Concerning the Application of the Law on Trials of Patent Infringement Disputes

Latham opens in Beijing

One Equity buys in to China Medicine

DLA poaches Minter’s Shanghai head

Shearman absorbs new Hong Kong firm