Law Digest

• People's Bank of China, Ministry of Finance, Ministry of Commerce, General Administration of Customs, State Administration of Taxation and China Banking Regulatory Commission, Measures for the Administration of Pilot Projects for Cross-border Trade Settlement in Renminbi

  中国人民银行、财政部、商务部、海关总署、国家税务总局、中国银行业监督管理委员会跨境贸易人民币结算试点管理办法

  China puts forward cross-border trade settlement in renminbi.

  July 29, 2009

• State Administration of Foreign Exchange, Circular on Foreign Exchange Control Issues Relevant to Overseas Loans Extended by Enterprises in China

  国家外汇管理局关于境内企业境外放款外汇管理有关问题的通知

  Safe allows companies in China to extend loans to their overseas subsidiaries.

  July 29, 2009

• China Securities Regulatory Commission, Guiding Opinion on Further Reform and Enhancement of the System for Offering of New Shares

  中国证券监督管理委员会关于进一步改革和完善新股发行体制的指导意见

  CSRC revises the pricing method for offering of new shares.

  July 29, 2009

• Beijing Municipality, Several Provisions for Encouraging the Establishment of Regional Headquarters in Beijing by Multinational Corporations

  北京市关于鼓励跨国公司在京设立地区总部的若干规定

  Beijing offers financial incentives to establish regional headquarters in the city.

  July 29, 2009

• Ministry of Finance, State-owned Assets Supervision and Administration Commission of the State Council, China Securities Regulatory Commission and National Council for Social Security Fund, Implementing Measures for the Transfer of Certain State-owned Shares from the Domestic Securities Market to the National Social Security Fund

  财政部、国务院国有资产监督管理委员会、中国证券监督管理委员会、全国社会保障基金理事会境内证券市场转持部分国有股充实全国社会保障基金实施办法

  China issues measures to prevent mass unloading of previously non-tradable shares.

  July 29, 2009

• Other Recent Legislation for This Month

  National LegislationBanking Circular on Issues Relevant to Further Regulating the Administration of Reporting in Respect of Personal Financial Management…

  July 29, 2009

• Supreme People's Court, Several Opinions on Properly Handling Current Enforcement in Response to the International Financial Crisis

  最高人民法院关于应对国际金融危机做好当前执行工作的若干意见

  Important foreign-related cases should be reported swiftly to the superior courts.

  July 29, 2009

• State Council, Circular on Approval and Transmission of the «National Development and Reform Commission, Opinion on Intensifying the Reform of the Economic System in 2009»

  国务院批转发展改革委关于2009年深化经济体制改革工作意见的通知

  State Council proposes the levy of environmental tax and property tax.

  July 29, 2009

• China Insurance Regulatory Commission, Opinion on the Insurance Industry's Thorough Implementation of the Medical Reform Opinions and Active Participation in the Establishment of a Multi-level Medical Welfare System

  中国保险监督管理委员会关于保险业深入贯彻医改意见 积极参与多层次医疗保障体系建设的意见

  Insurance industry to play a significant part in healthcare reform.

  July 29, 2009

• Anti-Monopoly Commission of the State Council, Guidelines on the Definition of Relevant Market

  国务院反垄断委员会关于相关市场界定的指南

  “Relevant market” defined for China's anti-monopoly law enforcement.

  July 29, 2009