Corporate Governance

Industrial land is subject to a new set of regulations in terms of granting procedures, granting prices, urban land use tax and requirements governing the conditions of using industrial land.

Tax issues clarified in the restructuring of foreign-invested banks.

Enterprise income tax rate for both FIEs and domestic companies set at 25%.

Shenzhen Stock Exchange still allows memebers to purchase seats from it.

Shanghai Stock Exchange no longer approves new seats.

Foreign banks are encouraged to set up banks with legal personality.

SAFE sets forth procedures concerning foreign exchange matters in the restructuring of foreign-invested banks.

By Peter [email protected] China, it is the responsibility of each individual business organization to determine the ethical standards of…

By Grant Chen and Zhengyi [email protected]; [email protected] January 30 2007, the China Securities Regulatory Commission (CSRC)…