Law Digest

• Supreme People's Court, Provisions on Several Issues Concerning the Application of the «PRC Enterprise Bankruptcy Law» (1)

  最高人民法院关于适用《中华人民共和国企业破产法》若干问题的规定（一）

  First SPC interpretation on the Enterprise Bankruptcy Law.

  October 12, 2011

• State Administration of Foreign Exchange, Circular on Issues Relevant to the Determination of Quotas for Provision of Security to Foreign Parties for Financing Purposes of Banks in China for the Year 2011

  国家外汇管理局关于核定境内银行2011年度融资性对外担保余额指标有关问题的通知

  Safe lowers banks' quotas for provision of security to foreign parties.

  October 12, 2011

• State-owned Assets Supervision and Administration Commission of the State Council, Circular on Matters Relevant to the Exchange of State-owned Assets and Equity of Enterprises Directly under the Central Government

  国务院国有资产监督管理委员会关于中央企业国有产权置换有关事项的通知

  Restrictions imposed on exchange of state-owned assets and equity.

  October 12, 2011

• Ministry of Human Resources and Social Security, Tentative Measures for the Enrolment in Social Insurance by Foreign Nationals Employed in China

  人力资源和社会保障部在中国境内就业的外国人参加社会保险暂行办法

  Expats are required to be enrolled in social insurance.

  October 12, 2011

• China Securities Regulatory Commission, Measures on Trial Business of Asset Management for Specific Clients of Fund Management Companies

  中国证券监督管理委员会基金管理公司特定客户资产管理业务试点办法

  Entry thresholds lowered for fund management companies engaging in dedicated asset management.

  October 12, 2011

• Other Recent Legislation for This Month

  National legislationForeign exchangeState Administration of Foreign Exchange, Catalogue of Major Prevailing Foreign Exchange Control Laws and Regulations…

  October 12, 2011

• Ministry of Finance and National Development and Reform Commission, Tentative Measures for the Administration of Funds for Equity Participation in Venture Investment by the Venture Investment in Emerging Industries Scheme

  财政部、国家发展改革委员会新兴产业创投计划参股创业投资基金管理暂行办法

  Central government finances may directly invest in venture investment enterprises.

  October 12, 2011

• PRC Individual Income Tax Law (6th Revision)

  中华人民共和国个人所得税法 (第六次修正)

  The new Law raises individual income tax threshold to Rmb3,500.

  September 03, 2011

• State Intellectual Property Office, Measures for the Record Filing of Patent Licensing Contracts

  国家知识产权局专利实施许可合同备案办法

  Application procedure for record filing of patent licensing contracts streamlined.

  September 03, 2011

• Ministry of Industry and Information Technology, National Bureau of Statistics, National Development and Reform Commission and Ministry of Finance, Provisions on the Classification Standards for Small- and Medium-sized Enterprises

  工业和信息化部、国家统计局、国家发展和改革委员会、财政部中小企业划型标准规定

  Micro-sized enterprises included in new classification.

  September 03, 2011