Law Digest

• 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

• China Securities Regulatory Commission, Tentative Measures for the Administration of the Business of Evaluation of Securities Investment Funds

  中国证券监督管理委员会证券投资基金评价业务管理暂行办法

  CSRC bans the rating of funds under three years of age.

  December 08, 2009

• State Administration of Taxation, Measures for the Administration of the Treatment for Which Non-tax-residents are Eligible Under Tax Agreements (Trial Implementation)

  国家税务总局非居民享受税收协定待遇管理办法 (试行)

  China consolidates rules on tax reduction eligibility of non-tax-residents.

  December 08, 2009