Foreign Direct Investment

Biggest delegation of foreign investment approval in Shanghai.

Tax should be withheld from rent income of non-tax-residents without an establishment.

QFIIs may trade stock index futures only for hedging purposes.

The Announcement clarifies six income tax issues of non-tax-resident enterprise including: issue of withholding enterprise income tax on payable but unpaid income and issue of levy of tax on income derived from the assignment of land use rights.

Qualified foreign institutional investors allowed to trade stock index futures for hedging purposes.

Significant opportunities await investors in seven strategic industries

Provisions for temporary auditing unified.

The Provisions further regulate the temporary conduct of auditing in mainland China by overseas accounting firms.

The draft of the new foreign investment industrial guidance catalogue is finally here. High-end manufacturing, environmentally-friendly and new energy-related industries shape the list of strategic emerging areas that the Chinese government is encouraging foreign investment in