Law Digest

• China Insurance Regulatory Commission, People's Bank of China and State Administration of Foreign Exchange, Tentative Measures for the Administration of Overseas Investment of Insurance Capital

  中国保险监督管理委员会、中国人民银行、国家外汇管理局保险资金境外投资管理暂行办法

  Further relaxing overseas investment of insurance capital.

  September 02, 2007

• State Administration of Taxation, Circular on Issues Relevant to the Cancellation of the Review Authority Required for Temporary Exemption of Individual Income Tax for the Promotion of Practical Application of Scientific and Technological Achievements

  国家税务总局关于取消促进科技成果转化暂不征收个人所得税审核权有关问题的通知

  Individual income tax exemption formalities streamlined for winners for scientific and technological awards.

  September 02, 2007

• State Administration of Foreign Exchange, Plan for the Launch of Pilot Projects for Direct Investment in Overseas Stock Markets by Domestic Individuals

  国家外汇管理局关于开展境内个人直接投资境外证券市场试点的批复

  Individual Chinese citizens allowed to invest in the Hong Kong stock market.

  September 02, 2007

• State Council, Regulations for the Administration of Futures Trading

  国务院期货交易管理条例

  China to develop financial futures and options.

  September 02, 2007

• Other Recent Legislation for this Month

  National LegislationINSURANCEMeasures for the Administration of Insurance Permits保险许可证管理办法L3900/07.06.22Circular on Matters Relevant…

  September 02, 2007

• State Administration of Taxation, Supplementary Circular on Issues Relevant to the Application of Agreed Tax Rates to the Interest Income of Foreign Nationals and Individual Residents of Hong Kong, Macao and Taiwan Derived from Their Savings Deposits

  国家税务总局关于外籍个人和港澳台居民个人储蓄存款利息所得适用协定税率有关问题的补充通知

  Tax rates on interest income of foreigners may follow bilateral tax agreements.

  September 02, 2007

• State Administration of Foreign Exchange and Ministry of Commerce, Circular on Issues Relevant to the Repeal of the «Trial Measures for Verification of Foreign Exchange Received from Exports»

  国家外汇管理局、商务部关于废止《出口收汇考核试行办法》有关问题的通知

  Policy encouraging foreign exchange from exports removed.

  September 02, 2007

• China Securities Regulatory Commission, Measures on the Administration of the Qualifications of the Directors, Supervisors and Senior Management Personnel of Futures Companies

  中国证券监督管理委员会期货公司董事、监事和高级管理人员任职资格管理办法

  The appointment of a chief risk officer required in futures companies.

  September 02, 2007

• Shanghai Municipality, Circular on Issues Relevant to the Levy and Exemption of Land Value-added Tax on the Transfer of Non-ordinary Residential Premises by Individuals

  上海市关于个人转让非普通住房征免土地增值税有关问题的通知

  Land value-added tax levied to cool down the property market in Shanghai.

  September 02, 2007

• China Securities Regulatory Commission, Trial Measures for the Administration of Overseas Securities Investment by Qualified Domestic Institutional Investors

  中国证券监督管理委员会合格境内机构投资者境外证券投资管理试行办法

  Overseas securities investment available for fund management companies and securities companies.

  September 02, 2007