Corporate Governance

• State Administration of Taxation, Issues Relevant to the Follow-up Administration after Cancellation of Certain Examination and Approval Requirements in Connection with Foreign-invested Enterprise and Foreign Enterprise Income Tax Circular

  国家税务总局关于取消外商投资企业和外国企业所得税若干审批项目后续管理有关问题的通知

  Issued: October 24 2003Effective: January 1 2003Main contents: The Circular details the follow-up administration after the cancellation of the examination…

  November 30, 2003

• China Securities Regulatory Commission, Share Issuance Examination Committee Tentative Procedures

  中国证券监督管理委员会股票发行审核委员会暂行办法

  Promulgated: December 5 2003Effective: as of date of promulgationApplicability: The Procedures apply to the examination and verification of applications…

  November 30, 2003

• China Securities Regulatory Commission, Compilation Rules for Information Disclosure by Companies That Offer Securities to the Public (No. 13): Correction and Relevant Disclosure of Financial Information

  中国证券监督管理委员会公开发行证券的公司信息披露编报规则第19号–财务信息的更正及相关披露

  Issued: December 1 2003Interpreting authority: China Securities Regulatory CommissionApplicability: The Rules apply to circumstances in which a company's…

  November 30, 2003

• PRC Outward Investment: Liberalization Momentum Builds

  In recent years, the government has been making the legal environment governing investment outside China by companies established in China, including foreign-invested companies, more progressive. A new SAFE circular furthers the liberalization programme.

  November 30, 2003

• CBRC Unveils Implementing Rules for Auto Finance Companies

  Last month we covered the new auto finance company regulations. Soon after we went to press, the China Banking Regulatory Commission issued implementing rules for the regulations.

  November 30, 2003

• Structuring Companies in China: Software Enterprises or R&D Centres?

  How a foreign investment is structured as a legal entity in China requires careful consideration as there are different implications and different tax benefits. One of our contributors looks at the implications of company structure for the IT industry.

  November 30, 2003

• China Energy Sector Survey Part II: The Energy Institutions

  In the first article of this instalment, our authors reviewed the origins, development and current energy policies of China. Here they discuss the structure of the institutions charged with implementing those policies.

  November 30, 2003

• PRC Securities Investment Fund Law

  中华人民共和国证券投资基金法

  A set of provisions which regulate securities investment funds and protect the rights of investors in the securities market.

  November 30, 2003

• Administration of Railway Construction Measures

  铁路建设管理办法

  A set of provisions governing the administration of railway construction projects in the PRC.

  October 31, 2003

• Beijing Municipality, Concessions for Urban Infrastructure Measures

  北京市城市基础设施特许经营办法

  A set of procedures which addresses the construction and operation of urban infrastructure in the Beijing municipality to facilitate the provision of good quality public utilities and services.

  October 31, 2003