Full Text Translation Roundup - June 08

3rd June 08 | Measures for the Administration of the Recognition of Hi-tech Enterprises 
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The Measures set forth the criteria for recognition as a hi-tech enterprise. After obtaining qualifications as a hi-tech enterprise, the enterprise is entitled to tax reduction or exemption. (Full translation)

11th June 08 | Circular on Issues Relevant to the Engagement in Domestic Gold Futures Trading by Commercial Banks 
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The Circular allows commercial banks to engage in gold futures trading and specifies the conditions such as having the qualifications to trade in derivatives. (Full translation)

18th June 08 |  Measures for the Administration of Material Asset Reorganizations by Listed Companies 
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A material asset reorganization shall be constituted when the purchase or sale of assets by a listed company and by the companies in which it has a controlling interest or that it controls reaches any of the specified benchmarks. (Full translation)

24th June 08 | Provisions on Several Issues Concerning the Regulation of Material Asset Reorganizations by Listed Companies
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The Provisions detail the approval procedure of the board of directors of a listed company on material asset reorganization and related information disclosure obligations. (Full translation)