Full Text Translation

This year's report has derived 39 law application issues with general guiding significance from 30 carefully selected typical cases.

An acquirer may control two insurance companies that engage in the same type of business.

A per-day continuous penalty may be imposed for illegal emission/discharge of pollutants.

Prior approvals for the establishment of (sub-)branches in the FTZ by marine insurance operation centres and reinsurance companies located in Shanghai are abolished

Stamp duty on preference share transactions set at 0.1%

SAT revises the expense deduction amount for individual income tax of partnerships and proprietorships.

Measures revised to allow loans for insurance company M&As.

The Measures specify that, among the promoters, at least one is to be a qualified commercial bank, manufacturer or foreign lease financing company and its capital contribution is to account for not less than 30% of the share capital.

CSRC allows blue chip companies to issue preference shares.