Law Digest

• PRC Employment Contract Law

  中华人民共和国劳动合同法

  New employment contract law imposes greater requirements on employers.

  July 02, 2007

• Ministry of Finance and China Securities Regulatory Commission, Circular on Issues Relevant to the Engagement in Securities- and Futures-related Businesses by Accounting Firms

  财政部、中国证券监督管理委员会关于会计师事务所从事证券、期货相关业务

  Requirements on accounting firms engaging in securities- and futures-related businesses imposed.

  July 02, 2007

• Shenzhen City, Circular on Regulating the Purchase of Commodity Premises by Foreign Organizations and Individuals

  深圳市关于规范境外机构和境外个人购买商品房的通知

  Foreign purchases of real property in Shenzhen restricted.

  July 02, 2007

• Supreme People's Court, Several Provisions on the Trial of Cases Involving Civil Tort Compensation in Connection with Audit Activities by Accounting Firms

  最高人民法院关于审理涉及会计师事务所在审计业务活动中民事侵权赔偿案件的若干规定

  Accounting firms face stringent tort liability when conducting audits.

  July 02, 2007

• State Council, PRC Measures for the Administration of Registration of Partnership Enterprises (Revised)

  国务院中华人民共和国合伙企业登记管理办法 (修订)

  Partnership enterprises required to specify "general partnership", "special general partnership" or "limited partnership" in their names.

  July 02, 2007

• State-owned Assets Supervision and Administration Commission of the State Council and China Securities Regulatory Commission, Tentative Measures for the Administration of the Transfer of Shares of Listed Companies Held by State-owned Shareholders

  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国有股东转让所持上市公司股份管理暂行办法

  Shares of listed companies held by state-owned shareholders transferred according to the market price.

  July 02, 2007

• China Banking Regulatory Commission, Measures for the Administration of Lease Financing Companies

  中国银行业监督管理委员会金融租赁公司管理办法

  New measures to open up the lease financing sector to foreign investment

  July 02, 2007

• State-owned Assets Supervision and Administration Commission of the State Council, Tentative Provisions for the Administration of the Acquisition of Shares of Listed Companies by State-owned Work Units

  国务院国有资产监督管理委员会国有单位受让上市公司股份管理暂行规定

  First provisions on the acquisition of shares of listed companies by state-owned entities.

  July 02, 2007

• Other Recent Legislation for this Month

  National LegislationBANKINGMeasures for the Administration of the Report of Transactions Suspicious of Terrorist Financing by Financial Institutions金融机构报告涉嫌恐怖融资的可疑交易管理办法L3610/07.06.11Measures…

  July 02, 2007

• Ministry of Commerce and State Administration of Foreign Exchange, Circular on Further Strengthening and Standardizing the Examination, Approval and Regulation of Direct Investment in Real Property by Foreign Investors

  商务部、国家外汇管理局关于进一步加强、规范外商直接投资房地产业审批和监管的通知

  Possession of the leasehold or property ownership is required before establishing a foreign-invested real property company.

  July 02, 2007