Full Text Translation

NDRC issues the first nationwide circular on private equity investment enterprises regulating the establishment of equity investment enterprises and limitation on the number of investors.

Enterprises required to fund and staff an employment dispute mediation committee.

Pre-tax allocation of loan loss reserves for lease financing receivables allowed for financial enterprises.

Record filing may be done locally for franchises that operate in more than one province.

Mofcom sets out measures to curb unreported concentrations of business operators.

Companies may simultaneously carry out de-registration, establishment registration or amendment of registration for a merger or division.

Lawful renminbi income may be used directly for domestic investment.

The Catalogue has been revised since the 2007 revision. Venture investment enterprises and intellectual property services are added to the encouraged category while the manufacture of assembled automobiles is removed from the category.

PRC Tentative Regulations on Resource Tax (Revised)