Law Digest

• People's Bank of China, Announcement on Enlarging the Floating Range of the Transaction Price Between the Renminbi and US Dollar on the Interbank Spot Foreign Exchange Market

  中国人民银行关于扩大银行间即期外汇市场人民币兑美元交易价浮动幅度的公告

  Renminbi allowed to appreciate further.

  June 02, 2007

• China Securities Regulatory Commission, Implementing Measures for Restricting Securities Transactions

  中国证券监督管理委员会限制证券买卖实施办法

  Restricting securities transactions as a means of trading regulation.

  June 02, 2007

• Other Recent Legislation for this Month

  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…

  June 02, 2007

• PRC Property Law

  中华人民共和国物权法

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

  May 02, 2007

• State Administration of Foreign Exchange, Circular on Issues Relevant to the Administration of Short-term Foreign Debts of Financial Institutions for the Year 2007

  国家外汇管理局关于2007 年度金融机构短期外债管理有关问题的通知

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

  May 02, 2007

• State Administration of Taxation, Official Reply on the Commencement Time for the Implementation of the Reduction and Exemption of Enterprise Income Tax on Newly-established Enterprises

  国家税务总局关于新办企业减免企业所得税执行起始时间的批复

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

  May 02, 2007

• State Administration of Foreign Exchange, Circular on Adjusting the Administration Mode for Market Entry into and Exit from the Spot Settlement and Sale of Foreign Exchange Businesses of Banks

  国家外汇管理局关于调整银行即期结售汇业务市场准入和退出管理方式的通知

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

  May 02, 2007

• Other Recent Legislation for this Month

  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…

  May 02, 2007

• State Council, PRC Regulations for the Disclosure of Government Information

  国务院中华人民共和国政府信息公开条例

  Disclosure of specific government information made more transparent.

  May 02, 2007

• Ministry of Commerce, Circular on Issues Relevant to Strengthening the Administration of Processing Trade

  商务部关于加强加工贸易管理有关问题的通知

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

  May 02, 2007