Law Digest

• State Administration of Taxation, Opinions on Further Thoroughly Implementing Tax Policies to Promote the Healthy Development of Private Investment

  国家税务总局关于进一步贯彻落实税收政策促进民间投资健康发展的意见

  Set of tax policies issued to encourage private investment in various sectors.

  September 11, 2012

• China Securities Regulatory Commission, Measures on the Pilot Asset Management Business of Futures Companies

  中国证券监督管理委员会期货公司资产管理业务试点办法

  Futures companies allowed to tap into the wealth management business.

  September 11, 2012

• National Association of Financial Market Institutional Investors, Guidelines on Asset-backed Notes of Non-financial Enterprises on the Interbank Bond Market

  中国银行间市场交易商协会银行间债券市场非金融企业资产支持票据指引

  Asset-backed notes issued on the interbank bond market.

  September 11, 2012

• Shanghai Stock Exchange, Implementing Measures for Securities Lending Transactions of the Re-lending Business (Trial Implementation)

  上海证券交易所转融通证券出借交易实施办法 (试行)

  Shanghai Stock Exchange serves as the platform for margin trading and short sale of securities.

  September 11, 2012

• Ministry of Education, Implementing Opinions on Encouraging and Guiding the Entry of Private Capital into the Education Sector to Promote the Healthy Development of Private Education

  教育部关于鼓励和引导民间资金进入教育领域促进民办教育健康发展的实施意见

  Private capital encouraged for the establishment of Sino-foreign cooperative joint schools.

  September 11, 2012

• China Securities Finance Corporation Limited, Rules on the Re-lending Business (Trial Implementation)

  中国证券金融股份有限公司转融通业务规则 (试行)

  China steps up its developing margin trading programme.

  September 11, 2012

• China Insurance Regulatory Commission, Implementing Opinions on the Encouragement and Support of the Healthy Development of Private Investment

  中国保险监督管理委员会关于鼓励和支持民间投资健康发展的实施意见

  A single private insurance shareholder may hold a stake of more than 20%.

  September 11, 2012

• Ministry of Commerce, Implementing Opinions on Encouraging and Guiding the Entry of Private Capital into the Commercial and Logistics Sectors

  商务部关于鼓励和引导民间资本进入商贸流通领域的实施意见

  Private capital encouraged to the oil product market.

  September 11, 2012

• State Administration of Foreign Exchange, General Administration of Customs and State Administration of Taxation, Announcement on the Reform of the Foreign Exchange Control System for Trade in Goods

  国家外汇管理局、海关总署、国家税务总局关于货物贸易外汇管理制度改革的公告

  Safe no longer requires settlement of foreign exchange received from exports.

  September 11, 2012

• China Securities Finance Corporation Limited, Implementing Rules for the Administration of the Margins of the Re-lending Business (Trial Implementation)

  中国证券金融股份有限公司转融通业务保证金管理实施细则 (试行)

  The maximum translation rate for stocks underlying margin trading or short sale of securities shall not exceed 65%.

  September 11, 2012