Law Digest

• 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

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

  深圳证券交易所转融通证券出借交易实施办法 (试行)

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

  September 11, 2012

• Ministry of Finance and State Administration of Taxation, Circular on the Launch of Pilot Projects for the Levy of Value-added Tax in Place of Business Tax in the Transport Industry and Certain Modern Service Industries in Eight Provinces and Cities including Beijing

  财政部、国家税务总局关于在北京等8省市开展交通运输业和部分现代服务业营业税改征增值税试点的通知

  VAT reform extended to eight more provinces and cities.

  September 11, 2012

• Other Recent Legislation This Month

  National legislation IndustriesConditions for Entry into the Wine Industry 葡萄酒行业准入条件 L5700/12.05.29 Trial Measures for Oversight of the…

  July 12, 2012

• State Council, Special Provisions for the Work Protection of Female Employees

  国务院女职工劳动保护特别规定

  Maternity leave for female workers extended from 90 to 98 days.

  July 12, 2012