Law Digest

• Beijing Municipality, Tentative Measures for the Establishment of Foreign-invested Equity Investment Fund Management Enterprises in Beijing

  北京市在京设立外商投资股权投资基金管理企业暂行办法

  Beijing allows establishment of PE and VC firms by foreign investors.

  February 02, 2010

• Ministry of Finance and State Administration of Taxation, Circular on Revising the Business Tax Policy for Assignment of Residential Premises of Individuals

  财政部、国家税务总局关于调整个人住房转让营业税政策的通知

  Preferential tax policy for second-hand residential property sale removed.

  February 02, 2010

• Ministry of Commerce, Measures for the Reporting of Concentrations of Business Operators

  商务部经营者集中申报办法

  Calculation of the business turnover of a business operator in a concentration clarified.

  February 02, 2010

• State Administration of Taxation, Official Reply on Clarifying the Basis for Calculating Deed Tax on the Grant of State-owned Leaseholds

  国家税务总局关于明确国有土地使用权出让契税计税依据的批复

  SAT clarifies deed tax calculation for leasehold grant.

  December 08, 2009

• China Banking Regulatory Commission, Guidelines for the Management of Liquidity Risk of Commercial Banks

  中国银行业监督管理委员会商业银行流动性风险管理指引

  Commercial banks required to carry out stress tests every quarter.

  December 08, 2009

• Other Recent Legislation of this Month

  National Legislation AccountingSeveral Opinions on Accelerating the Development of the Certified Public Accountant Profession in China关于加快发展我国注册会计师行业的若干意见L3110/09.10.03 Construction…

  December 08, 2009

• State Administration of Taxation, Circular on Issues Relevant to the Implementation of Articles on Royalties of Tax Agreements

  国家税务总局关于执行税收协定特许权使用费条款有关问题的通知

  Three types of items not treated as royalties.

  December 08, 2009

• State Administration of Taxation, Circular on How to Interpret and Recognise the “Beneficial Owner” in Tax Agreements

  国家税务总局关于如何理解和认定税收协定中“受益所有人”的通知

  Conduit companies are not beneficial owners.

  December 08, 2009

• Shenzhen Stock Exchange, Implementing Rules for Handling Unusual Trading Circumstances (Trial Implementation)

  深圳证券交易所交易异常情况处理实施细则 (试行)

  Shenzhen Stock Exchange imposes measures in case of unusual trading circumstances.

  December 08, 2009

• Shanghai Stock Exchange, Circular on Adjusting Matters Relevant to the Offering, Listing and Trading of Corporate Bonds

  上海证券交易所关于调整公司债券发行、上市、交易有关事宜的通知

  Bonds not meeting criteria may only be offered to institutional investors through the Shanghai Stock Exchange.

  December 08, 2009