Law Digest

• China Securities Regulatory Commission, Tentative Provisions for the Examination and Approval of the Scope of Business of Securities Companies

  中国证券监督管理委员会证券公司业务范围审批暂行规定

  Securities companies allowed to apply for margin trading and short selling.

  December 18, 2008

• China Securities Regulatory Commission, Working Guidelines for the Filing of Changes of Shareholders of Securities Companies with Less than 5% of Equity

  中国证券监督管理委员会证券公司变更持有5％以下股权股东报备工作指引

  Limits on shareholding period of securities companies to prevent short-term speculation.

  December 18, 2008

• China Securities Regulatory Commission, Working Guidelines for the Review in Connection with Administrative Licensing of Securities Companies No.10: Review Requirements for Securities Companies' Share Capital Increase and Change of Shareholders and De Facto Controllers with 5% or More of Equity

  中国证券监督管理委员会证券公司行政许可审核工作指引第10号–证券公司增资扩股和变更持有5％以上股权的股东、实际控制人的审核要求

  Qualifications required for purchase of 5% or more of equity in a securities company.

  December 18, 2008

• State Council, PRC Tentative Regulations on Business Tax (Revised)

  国务院中华人民共和国营业税暂行条例 (修订)

  Calculation of business turnover for business tax purposes revised.

  December 18, 2008

• China Insurance Regulatory Commission, Circular on Strengthening the Administration of Investment-type Insurance Business of Property Insurance Companies

  中国保险监督管理委员会关于加强财产保险公司投资型保险业务管理的通知

  Stricter criteria for sale of investment-type insurance by property insurance companies

  December 18, 2008

• Other Recent Legislation for this Month

  National Legislation ACCOUNTINGChinese Institute of Certified Public Accountants, Guidelines on Audits Designated for Recognition of High-tech Enterprises…

  December 18, 2008

• General Office of State Council, Several Current Opinions on Promoting Economic Development with Financial Policies

  国务院办公厅关于当前金融促进经济发展的若干意见

  State Council issues 30 measures to boost the economy.

  December 18, 2008

• Ministry of Finance and State Administration of Taxation, Circular on Raising the Export Tax Rebate Rates on Certain Commodities

  财政部、国家税务总局关于提高部分商品出口退税率的通知

  Export tax rebate rate lowered for textile products.

  November 10, 2008

• Ministry of Finance, Opinion on Issues Concerning the Levy of Place Use Fees on Foreign-invested Enterprises

  财政部关于外商投资企业场地使用费征收问题的意见

  Opinion issued to clarify under which circumstances an FIE is required to pay a place use fee.

  November 10, 2008

• Ministry of Finance and State Administration of Taxation, Circular on Revising Tax Policies on the Real Property Trading Sector

  财政部、国家税务总局关于调整房地产交易环节税收政策的通知

  Curbs on property transactions lifted.

  November 10, 2008