Legislation roundup: Social insurance reduction, expected credit loss and integrity of intermediaries

June 02, 2022 | BY

Susan Mok

Social insurance reductions are extended to the manufacturing industry. Banks are required to apply the expected credit loss method. Securities, accounting and law firms shall strengthen their management of insider information.

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Labor

Ministry of Human Resources and Social Security, National Development and Reform Commission, Ministry of Finance and State Taxation Administration, Circular on Issues Such as Expanding the Scope of Implementation