Law Digest

New regulations on the trading seat system for securities investment funds.

Insurance institutions required to conduct internal credit, ratings on bond investments.

Guangzhou offers incentives for the eestablishment of headquarters and regional headquarters.

Financial rules for financial enterprises have been updated.

National LegislationACCOUNTINGChinese Institute of Certified Public Accountants, Circular on Duly Handling the Audit of Accounting Statements of Listed…

Mainland financial institutions allowed to issue renminbi-denominated bonds in Hong Kong.

Banking regulatory authorities given more power.

Listed companies required to set up management mechanisms for information disclosure.

The Circular changes the practice of pre-levying land value-added tax to settlement of the land tax after the project is complete.