Law Digest

• PRC Food Safety Law

  中华人民共和国食品安全法

  Food inspection exemption not allowed.

  April 16, 2009

• China Securities Regulatory Commission, Tentative Measures for the Administration of Initial Public Offerings of Shares and the Listing Thereof on the Growth Enterprise Market

  中国证券监督管理委员会首次公开发行股票并在创业板上市管理暂行办法

  Entry to China's Gem requires at least Rmb20 million of net assets.

  April 16, 2009

• Ministry of Commerce, Measures for the Administration of Outbound Investment

  商务部境外投资管理办法

  Mofcom makes approvals for outbound investment faster and smoother.

  April 16, 2009

• Supreme People's Court, Opinion on Several Issues Concerning the Thorough Implementation of the State Intellectual Property Strategy

  最高人民法院关于贯彻实施国家知识产权战略若干问题的意见

  Overlap between IP and unfair competition tackled.

  April 16, 2009

• Ministry of Commerce, Circular on Further Improving the Examination and Approval of Foreign Investment

  商务部关于进一步改进外商投资审批工作的通知

  Approval for foreign investments streamlined further.

  April 16, 2009

• Other Recent Legislation for this Month

  NATIONAL LEGISLATIONCONSTITUTION AND LEGAL SYSTEMMinistry of Justice, Decision on Repeal of 12 Rules Promulgated by the Ministry司法部关于废止十二件部颁规章的决定L1400/09.02.26…

  April 16, 2009

• PRC Criminal Law Amendment Act (7)

  中华人民共和国刑法修正案 (七)

  Tougher penalties for insider dealing.

  April 16, 2009

• Ministry of Commerce, Circular on Delegating to Lower-level Authorities the Authority to Examine and Approve the Investment in, and Establishment of, Companies with an Investment Nature by Foreign Investors

  商务部关于下放外商投资举办投资性公司审批权限的通知

  Mofcom hands down more approval authority.

  April 16, 2009

• Order of the State Council No.546

  国务院令第546号

  FIEs now enjoy same property tax rates as domestic companies.

  March 17, 2009

• Ministry of Finance and the State Administration of Taxation, Circular on Income Tax Issues of Partners of Partnerships

  财政部、国家税务总局关于合伙企业合伙人所得税问题的通知

  Losses in partnerships not allowed to be used to deduct other companies' profits.

  March 17, 2009