Legislation roundup: Debt-for-equity swaps, PPP and individual income tax

October 27, 2016 | BY

Katherine Jo

The State Council has regulated debt-for-equity swaps, the MOF has pushed for enhancing the government's contractual performance in PPP and heavier tax obligations have been proposed for high income earners

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Banking

State Council, Guiding Opinions for the Market-oriented Conversion of Bank Claims to Equity

国务院关于市场化银行债权转股权的指导意见

The government will not compel enterprises, banks and other institutions to participate in debt-for-equity swaps. The