Law Digest

• Ministry of Finance and State Administration of Taxation, Circular on Revising Relevant Policy on Real Property Business Tax

  财政部、国家税务总局关于调整房地产营业税有关政策的通知

  Issued: June 6 2006Effective: June 1 2006Main contents: From June 1 2006, business tax will be imposed on sales of residential premises of less than five…

  July 02, 2006

• Other Recent Legislation for this Month

  National LegislationACCOUNTINGEnterprise Accounting Guidelines No.11 Share-based Payment企业会计准则第11号 - 股份支付L3100/06.02.15(11)Enterprise…

  July 02, 2006

• State Administration of Foreign Exchange, Circular on Revising the Policies on Control of Foreign Exchange on the Current Account

  国家外汇管理局关于调整经常项目外汇管理政策的通知

  Issued: April 13 2006Effective: May 1 2006Main contents: The Circular consists of three parts:1. Abolition of Advance Examination and Approval of the Opening…

  July 02, 2006

• People's Bank of China, China Banking Regulatory Commission and State Administration of Foreign Exchange Tentative Measures for the Administration of Overseas Financial Management Services Offered by Commercial Banks on Behalf of Customers

  中国人民银行、中国银行业监督管理委员会、国家外汇管理局商业银行开办代客境外理财业务管理暂行办法

  Issued: April 17 2006Effective: as of date of issueInterpreting authorities: People's Bank of China and China Banking Regulatory CommissionMain contents:…

  July 02, 2006

• China Securities Regulatory Commission, Measures for the Administration of Initial Public Offerings of Shares and the Listing Thereof

  中国证券监督管理委员会首次公开发行股票并上市管理办法

  Promulgated: May 17 2006Effective: May 18 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Offering ConditionsPart Three:…

  July 02, 2006

• China Securities Regulatory Commission, Guidelines for Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public (No.9): Application Documents for Initial Public Offerings of Shares and the Listing Thereof

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第9号 - 首次公开发行股票并上市申请文件

  Promulgated: May 18 2006Effective: as of date of promulgationMain contents: The catalogue of application documents appended to these Guidelines is the…

  July 02, 2006

• China Securities Regulatory Commission, Measures for the Administration of Securities Offerings by Listed Companies

  中国证券监督管理委员会上市公司证券发行管理办法

  Promulgated: May 6 2006Effective: May 8 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Conditions for the Public Offering…

  July 02, 2006

• State Administration for Industry and Commerce, Ministry of Commerce, General Administration of Customs and State Administration of Foreign Exchange, Implementing Opinions on Several Issues Concerning the Application of the Law in the Administration of the Examination, Approval and Registration of Foreign-invested Companies

  国家工商行政管理总局、商务部、海关总署、国家外汇管理局关于外商投资的公司审批登记管理法律适用若干问题的执行意见

  Issued: April 24 2006Main contents: The Implementing Opinions elaborate on how to apply the PRC Company Law, the PRC Regulations for the Administration…

  July 02, 2006

• China Securities Regulatory Commission, Guidelines on Due Diligence Work of Sponsors

  中国证券监督管理委员会保荐人尽职调查工作准则

  Issued: May 29 2006Effective: as of date of issueApplicability: The term 'due diligence' refers to the process whereby a sponsor conducts a comprehensive…

  July 02, 2006

• China Securities Regulatory Commission, Measures on the Public Offering Review Committee

  中国证券监督管理委员会发行审核委员会办法

  Promulgated: May 9 2006Effective: as of date of promulgationApplicability: These Measures shall apply to the review by the Public Offering Review Committee…

  July 02, 2006