Law Digest

• Ministry of Finance and State Administration of Taxation, Adjustment to Tax Reduction and Exemption Policy Related to Real Property Tax Circular

  财政部、国家税务总局关于调整房产税有关减免税政策的通知

  Tax excemptions on unprofitable real property are repealed.

  October 02, 2004

• National Development and Reform Commission, Fixed Asset Investment Projects Subject to Verification by the National Development and Reform Commission and its Reporting to the State Council for Verification or Examination and Approval Catalogue (Trial Implementation)

  国家发展和改革委员会国家发展改革委核报国务院核准或审批的固定资产投资项目目录 (试行)

  List of enterprise investment projects, government investment projects, as well as encouraged, permitted and restricted category projects.

  October 02, 2004

• State Administration of Taxation, Deed Tax Questions Relevant to Inheritance of Land and Housing Ownership Official Reply

  国家税务总局关于继承土地、房屋权属有关契税问题的批复

  Deed tax levied only on land or housing ownership inherited by non-heirs, but not by heirs.

  October 02, 2004

• People's Bank of China and China Banking Regulatory Commission, Administration of the Issue of Commercial Bank Subordinated Bonds Procedures

  中国人民银行、中国银行业监督管理委员会商业银行次级债券发行管理办法

  Promulgated: June 17 2004Effective: as of date of promulgationInterpreting authority: People's Bank of China and China Banking Regulatory Commission (CBRC)Applicability:…

  October 02, 2004

• National Development and Reform Commission, Verification of Enterprise Investment Projects Tentative Procedures

  国家发展和改革委员会企业投资项目核准暂行办法

  Regulate the procedures whereby the National Development and Reform Commission reviews and approves foreign investment projects pursuant to a new project 'confirmation system'.

  October 02, 2004

• Ministry of Commerce and Ministry of Foreign Affairs, Countries and Industries for Overseas Investment Guidance Catalogue (1)

  商务部、外交部对外投资国别产业导向目录（一）

  A referential list for foreign economic cooperation departments in offering guidance and assessment of overseas investment by Chinese companies.

  October 02, 2004

• National Development and Reform Commission, Automotive Industry Development Policy

  国家发展和改革委员会汽车产业发展政策

  The new Policy demonstrates the PRC's ambition to develop the auto industry into one of its pillar industries by expanding its scope, and removing special approval procedures for car sellers.

  October 02, 2004

• Other Recent Legislation for this Month

  National LegislationAsset ValuationAsset Valuation Guidelines - Basic Guidelines 资产评估准则-基本准则L3300/04.02.25(1)Asset Valuation Professional…

  October 02, 2004

• People's Bank of China and China Banking Regulatory Commission, Administration of Auto Loans Procedures

  中国人民银行、中国银行业监督管理委员会汽车贷款管理办法

  Loans granted by lenders to borrowers for car purchase, including second-hand vehicles.

  October 02, 2004

• PRC Electronic Signatures Law

  中华人民共和国电子签名法

  The first national e-commerce legislation in China deals with two key areas: enforceability and legal effect of data messages and electronic signatures and their verification.

  October 02, 2004