A subsidiary of a securities company that has been operating continuously for at least two years instead of five years may apply to expand its scope of business.
November 07, 2012
Full Text Translation
The equity of real property enterprises, foreign holding companies, foreign-invested venture capital investment enterprises and foreign-invested private equity enterprises is not allowed to be used for investment in another foreign-invested enterprise.
November 07, 2012Criminal liability may be pursued for legal actions instituted with malicious intent to prejudice another's lawful rights and interests.
October 31, 2012Advertising expenditures of cosmetic, pharmaceutical and beverage enterprises may be deducted against 30% of their sales revenues.
October 04, 2012The Interpretation defines terms such as "a well-informed person with inside information regarding a securities or futures transaction" and "period of sensitivity of inside information".
October 04, 2012Enterprise income tax may not be levied by assessment against enterprises that solely engage in equity (stock) investment business.
September 12, 2012If the commissioning party of processing trade sells the products at a price higher than the selling price of the commissioned party, it will not be regarded as a direct sale and does not incur consumption tax.
September 12, 2012For the first time, the SAT provides for the direct recognition of a beneficial owner without references and analysis.
September 12, 2012The Measures have been revised to pave the way for seed funding requiring the size of the fund to be at least Rmb50 million and the number of fundholders to be at least 200.
September 12, 2012The limit on the total of the holdings of the A shares of a single listed company by all QFIIs is now increased from 20% to 30% of the listed company's total shares. The qualification thresholds for QFIIs have also been relaxed.
September 12, 2012