Legislation Digest

China Banking Regulatory Commission, Guidelines for the Management of Interest Rate Risk in the Banking Book of Commercial Banks [Legislation Digest]
中国银行业监督管理委员会商业银行银行账户利率风险管理指引
Banks told to better assess potential interest rate risk.

Ministry of Commerce, Measures for the Review for Concentrations of Business Operators [Legislation Digest]
商务部经营者集中审查办法
Restrictive conditions may be imposed on a concentration transaction.

Ministry of Commerce, Measures for the Reporting of Concentrations of Business Operators [Legislation Digest]
商务部经营者集中申报办法
Calculation of the business turnover of a business operator in a concentration clarified.

Ministry of Justice, Measures for the Administration of Names of Law Firms [Legislation Digest]
司法部律师事务所名称管理办法
“Lawyers Group” and “Lawyers Alliance” not allowed in law firm names.

State Council, Measures for the Administration of the Establishment of Partnerships in China by Foreign Enterprises or Individuals [Legislation Digest]
国务院外国企业或者个人在中国境内设立合伙企业管理办法
Government takes significant step toward reform of the foreign-invested partnership rules.

State Administration for Industry and Commerce and Ministry of Public Security, Circular on Further Strengthening Administration of the Registration of Resident Representative Offices of Foreign Enterprises [Legislation Digest]
国家工商行政管理总局、公安部关于进一步加强外国企业常驻代表机构登记管理的通知
Number of foreign representatives is limited to four.

Supreme People’s Court, Interpretation on Several Issues Concerning the Application of the Law in Trials of Patent Infringement Disputes [Legislation Digest]
最高人民法院关于审理侵犯专利权纠纷案件应用法律若干问题的解释
SPC Interpretation explains details of the Patent Law.

Ministry of Finance, Ministry of Land and Resources, People’s Bank of China, Ministry of Supervision and National Audit Office, Circular on Further Strengthening the Management of the Revenue and Expenditure of Land Grant [Legislation Digest]
财政部、国土资源部、中国人民银行、监察部、审计署关于进一步加强土地出让收支管
China raises first instalment of land grant to 50% to prohibit hoarding.

State Administration of Taxation, Circular on Strengthening the Administration of Enterprise Income Tax on Income Derived from the Transfer of Equity of Non-tax-resident Enterprises [Legislation Digest]
国家税务总局关于加强非居民企业股权转让所得企业所得税管理的通知
SAT cracks down on tax evasion by non-tax-resident enterprises.

Ministry of Finance and State Administration of Taxation, Circular on Revising the Business Tax Policy for Assignment of Residential Premises of Individuals [Legislation Digest]
财政部、国家税务总局关于调整个人住房转让营业税政策的通知
Preferential tax policy for second-hand residential property sale removed.

Beijing Municipality, Tentative Measures for the Establishment of Foreign-invested Equity Investment Fund Management Enterprises in Beijing [Legislation Digest]
北京市在京设立外商投资股权投资基金管理企业暂行办法
Beijing allows establishment of PE and VC firms by foreign investors.

Shanghai Municipality, Trial Measures for the Examination, Approval and Registration of Debt-for-equity Swaps of Foreign-invested Enterprises [Legislation Digest]
上海市外商投资企业债权转股权审批登记试行办法
Shanghai allows debt-for-equity swaps by foreign-invested enterprises.

Shanghai Municipality, Seven Measures for Providing Convenience in Entry into and Exit from China for Foreign High-level Skilled Personnel and Investors [Legislation Digest]
上海市外国籍高层次人才和投资者7项出入境便利措施
Foreign skilled personnel in Shanghai allowed for a five-year stay.

Other Recent Legislation of this Month [Legislation Digest]