Law Digest

National LegislationECONOMIC POLICYSeveral Opinions on Accelerating the Promotion of Reform and Development of Industry Associations and Chambers of Commerce关于加快推进行业协会商会改革和发展的若干意见L2110/07.05.13ENVIRONMENTAL…

The landmark new law provides the same protection to private property as that to state-owned property.

SAFE reduces the short-term foreign debt indicators of financial institutions for 2007.

Reduction and exemption of income tax of newly-established enterprises clarified.

Application procedures for settlement and sale of foreign exchange businesses by banks simplified.

National LegislationCUSTOMS Measures for the Administration of Zhuhai Zone in the Zhuhai-MacaCross Border Industrial Zone珠澳跨境工业区珠海园区管理办法L5920/07.03.08ECONOMIC…

Disclosure of specific government information made more transparent.

Environmental protection, energy consumption, employee treatment and equipment quality included in the criteria for engaging in processing trade.

Set-off of Value-added tax on purchases relating to imports clarified.