May 2008
People’s Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission, Several Opinions on Accelerating the Development of the Service Industry with Support from the Financial Sector
中国人民银行、中国银行业监督管理委员会、中国证券监督管理委员会、中国保险监督管理委员会关于金融支持服务业加快发展的若干意见
Enterprise groups in the service industry given priority to establish finance companies.
General Administration of Customs, PRC Customs Measures for the Administration of Centralized Customs Declaration of Imports and Exports
中华人民共和国海关进出口货物集中申报管理办法
Simplified customs procedures for time sensitive, dangerous and low-risk goods.
State Administration of Taxation, Circular on Issues Relevant to the Administration of Tax Collection Concerning Outbound Payments of Trade in Services
国家税务总局关于服务贸易对外支付税收征管有关问题的通知
Procedures for advance tax filing for the service industry clarified.
State Administration of Taxation, Supplementary Circular on Issues Relevant to the Administration of Tax Collection Concerning Outbound Payments of Trade in Services
国家税务总局关于服务贸易对外支付税收征管有关问题的补充通知
International maritime transport not included in trial advance tax filing.
April 2008
Grounded – Private Airlines Stifled by State-owned Players
With so many airlines operating in the PRC, private airlines find it hard to make profit amidst the many state-run competitors. In spite of liberalization, financing and cumbersome regulatory procedures have failed to produce a level playing field. To further enhance the aviation industry, these problems must be addressed in order to give private airlines more room to grow.
China Banking Regulatory Commission, Measures for the Administration of Auto Finance Companies
中国银行业监督管理委员会汽车金融公司管理办法
The business scope of auto finance companies expanded.
Measures for the Administration of Auto Finance Companies
汽车金融公司管理办法
The revised Measures allow auto finance companies to engage in six more types of businesses.
General Office of the Ministry of Communications, Circular on Reforming the Bid Invitation Administration System for Construction Works of Highway Construction Projects that Use Loans from International Financial Organizations or Foreign Governments
交通部办公厅关于改革使用国际金融组织或者外国政府贷款公路建设项目施工招标管理制度的通知
Approval relaxed for highway construction projects using loans from international financial organizations or foreign governments.
March 2008
Rules for the Administration of Permission to Produce Alternative Energy Vehicles
新能源汽车生产准入管理规则
The Rules specify the qualifications for production of alternative energy vehicles and the administration of the vehicle production enterprises and products.
China Insurance Regulatory Commission, Notice on the Adjustment of the Liability Limits of Mandatory Traffic Accident Insurance
中国保险监督管理委员会关于调整交强险责任限额的公告
Premiums raised for mandatory traffic accident insurance.
National Development and Reform Commission, Rules for the Administration of Permission to Produce Alternative Energy Vehicles
国家发展和改革委员会新能源汽车生产准入管理规则
China sets entry requirements for manufacture of alternative energy vehicles.
PRC Road Traffic Safety Law (Revised)
中华人民共和国道路交通安全法 (修正)
Liability for compensation of motor vehicle drivers in traffic accidents revised.
China’s Policy-Driven Push to Innovate and Drive its Auto Industry Green
New rules issued by the NDRC represent the Chinese government’s most recent effort to centrally manage the development of the domestic Chinese auto industry, while still promoting the innovation required for its success. The modern auto industry presents the nation with what is arguably one of the most technology-intensive and innovation-laden challenges yet. Whether such government-led innovation can be successful will certainly be interesting to watch as the rules are played out.