Circular on Regulating Stock Investments of Insurance Institutions
关于规范保险机构股票投资业务的通知
An insurance company or insurance asset management company shall establish different grades of stock pools, such as a prohibited pool, reserve pool and core pool.
Circular on Increasing the Scope of Bond Products in which Insurance Institutions May Invest
关于增加保险机构债券投资品种的通知
Insurance companies allowed to invest in local government bonds, medium-term notes and Hong Kong-issued SOE bonds.
Measures for the Administration of the Transfer of State-owned Assets of Financial Enterprises
金融企业国有资产转让管理办法
Transfers of state-owned assets and equity of unlisted enterprises shall be publicly carried out through lawfully- established assets and equity exchanges at the provincial level and above.
Circular on Matters Concerning the Examination and Approval of Foreign-invested Venture Capital Investment Enterprises and Venture Capital Investment Management Enterprises
关于外商投资创业投资企业、创业投资管理企业审批事项的通知
Relaxation of approval authority creates foreign exchange control niche.
*Web-only Translation - Measures for the Administration of Permission to Provide Telecommunications Services
电信业务经营许可管理办法
According to the Measures, state-owned equity or shares of providers of basic telecommunications services shall account for no less than 51% of the total equity or shares.
China IP update
China continues to take steps towards unifying its approach to intellectual property with the development and codification of a national strategy. CLP presents an analysis of some of the biggest IP-related issues affecting those who do business in the PRC.
Copy culture
A new wave of copycat items is flooding China’s already-saturated market for counterfeits. But IP owners should worry less about the products, and more about the thinking behind them.
Beware the utilities
Utility model patents are simple, quick and cheap to file in China. They can also be used as a weapon against under-prepared foreign companies, for as long as 10 years.
The Supreme People’s Court top ten
The Court presents its most significant IP cases of 2008.
Court publishes opinion on implementation of National IPR Strategy
The Supreme People’s Court sets out more detailed plans for the implementation of a number of the reforms contained in the State Council’s 2008 National IPR Strategy.
Little red-chips get an overseas opening
China’s M&A Rules effectively blocked domestic Chinese companies from raising money on overseas capital markets. But recent Ministry of Commerce guidelines may have provided a way out. By Zhou Jiaxing, Or & Partners, Hong Kong.
More relaxation for renminbi funds
A recent circular relaxes approval authority for foreign-invested venture capital funds. It is the latest in a line of regulatory changes which may create a useful foreign exchange control niche for these enterprises. By Richard Guo, Stephanie Zhu and Flora Qian, Fangda Partners.
Contaminated milk creates new liability regime
China recently suffered its biggest-ever food safety incident, involving Sanlu Dairy. The country’s product liability laws are now undergoing unprecedented change. By Satpal Gobindpuri and Sammy Fang, DLA Piper.
Communicating changes
China has recently taken several significant steps to speed up the development of a more uniform and modern regulatory framework for its telecoms industry. By Damien Bailey, Simmons & Simmons.
Mitsubishi/Lucite deal approved “with conditions”
Lawyers welcome increased transparency
Banking regulator raises lending quota
Move is part of larger efforts to stabilise the economy
Baidu is latest to be sued under Anti-monopoly Law
Case is similar to recent complaint against Google in US
Big Four banks to invest in insurance
Pilot programmes to begin soon
Chinese companies are thinking long term
No business should live from quarter to quarter
Coca-Cola decision was reasonable
Web-seminar listeners say Mofcom must provide more detailed statements
Round-trip investments key to reversing FDI decline
Mofcom’s delegation circulars have limited effect
State Administration of Foreign Exchange, Circular on the Determination of Short-term Foreign Debt Quotas of Financial Institutions in 2009
国家外汇管理局关于2009年度金融机构短期外债指标核定情况的通知
Safe raises banks’ short-term foreign debt quotas to boost trade financing.
Ministry of Human Resources and Social Security, Rules for Handling Arbitration of Employment and Public Personnel Disputes
人力资源和社会保障部劳动人事争议仲裁办案规则
Rules for handling arbitration of employment disputes and government personnel disputes unified.
Ministry of Commerce, Circular on Matters Concerning the Examination and Approval of Foreign-invested Venture Capital Investment Enterprises and Venture Capital Investment Management Enterprises
商务部关于外商投资创业投资企业、创业投资管理企业审批事项的通知
Relaxation of approval authority creates foreign exchange control niche.
China Insurance Regulatory Commission, Circular on Regulating Stock Investments of Insurance Institutions
中国保险监督管理委员会关于规范保险机构股票投资业务的通知
Insurance companies required to set up graded stock pools.
China Insurance Regulatory Commission, Circular on Increasing the Bond Products in which Insurance Institutions May Invest
中国保险监督管理委员会关于增加保险机构债券投资品种的通知
Insurance companies can now invest in more types of bonds.
China Securities Regulatory Commission, Provisions on Strengthening the Regulation of Listed Securities Companies
中国证券监督管理委员会关于加强上市证券公司监管的规定
Securities offerings of securities companies shall comply with both general securities offering requirements and specific CSRC requirements.
China Securities Regulatory Commission, Guidelines on Contents and Formats for Information Disclosure of Securities Offering Companies Guidelines (No.27): Offering Sponsorship Letters and Offering Sponsorship Work Reports
中国证券监督管理委员会发行证券的公司信息披露内容与格式准则第27号——发行保荐书和发行保荐工作报告
Sponsors required to disclose principal risks of listed companies.
China Securities Regulatory Commission, Guidelines on Working Drafts for the Sponsorship of the Offering and Listing of Securities
中国证券监督管理委员会证券发行上市保荐业务工作底稿指引
Working drafts for sponsor work must be kept for 10 years.
General Administration of Press and Publication, Guiding Opinion on Further Promoting the Reform of the News Publishing System
新闻出版总署关于进一步推进新闻出版体制改革的指导意见
China to develop its global media influence.
Ministry of Industry and Information Technology, Measures for the Administration of Permission to Provide Telecommunications Services
工业和信息化部电信业务经营许可管理办法
Foreign investors not allowed to hold a controlling interest in basic telecommunications services.
PRC Postal Law (Revised)
中华人民共和国邮政法 (修订)
Foreign express couriers not allowed in domestic Chinese mail express services.
Ministry of Finance, Measures for the Administration of the Transfer of State-owned Assets of Financial Enterprises
财政部金融企业国有资产转让管理办法
Transfers of state-owned assets of unlisted financial institutions must be done publicly.
General Administration of Customs, Announcement [2009] No.14: Collection and Refund of Interest on Deferred Payment of Tax and Duty on Bonded Goods under the Processing Trade that are Sold Domestically
海关总署2009年第14号公告（关于加工贸易保税货物内销缓税利息征收及退还）
Interest to be charged on bonded goods sold domestically.
Beijing Municipality, Opinion on Promoting the Economic Development of the Capital with Financial Policies
北京市关于金融促进首都经济发展的意见
Establishment of Reits in Beijing encouraged.
Shenzhen City, Implementing Measures on the Administrative Licensing for Foreigners Entering China for Employment in Shenzhen (Revised)
深圳市外国人入境在深圳就业行政许可实施办法 (修订)
Shenzhen revises policy allowing foreign employment only if it’s needed.
Shanghai Municipality, Trial Measures for the Application for Permanent Residence in the Municipality by Persons Holding the «Shanghai Municipality Residence Permit»
上海市持有《上海市居住证》人员申办本市常住户口试行办法
Shanghai offers permanent residency for talented employees.
Other Recent Legislation for this Month