Law Digest

• State Administration of Foreign Exchange, Foreign Exchange Administrative Issues Relevant to Individual Foreign Trade Business Circular

  国家外汇管理局关于个人对外贸易经营有关外汇管理问题的通知

  Promulgated: August 10 2004Effective: 30 days after date of promulgationApplicability: "Foreign trade operators" refers to individuals engaging in foreign…

  September 02, 2004

• State Administration of Taxation, Several Issues Concerning Implementation of Tax Agreements and Individual Income Tax Laws on Individuals with no Domiciles in China Circular

  国家税务总局关于在中国境内无住所的个人执行税收协定和个人所得税法若干问题的通知

  Issued: July 23 2004Effective: July 1 2004Applicability: In case of a discrepancy between previous provisions and this Circular, this Circular shall prevail…

  September 02, 2004

• China Insurance Regulatory Commission, Matters Relevant to Investments in Convertible Corporate Bonds by Insurance Companies Circular

  中国保险监督管理委员会关于保险公司投资可转换公司债券有关事项的通知

  Insurance companies are now allowed to invest in convertible corporate bonds.

  September 01, 2004

• Shanghai Municipality, Adjustment to the Minimum Monthly Wage Standard for the Municipality Circular

  上海市关于调整本市月最低工资标准的通知

  The minimum monthly wage in Shanghai is raised to RMB635, starting from 1 July 2004.

  July 02, 2004

• Shanghai Municipality, Adjustment to the Minimum Hourly Wage Standard for the Municipality Circular

  上海市关于调整本市小时最低工资标准的通知

  Minimum hourly wage in Shanghai is to be raised to RMB 5.5 from 1 July 2004.

  July 02, 2004

• Ministry of Labour and Social Security, Enterprise Pension Tentative Procedures

  劳动和社会保障部企业年金试行办法

  Establishing an enterprise pension and the payment of fees.

  July 02, 2004

• Other Recent Legislation for this Month

  National LegislationBankingAdministration of Issue of Subordinated Debt by Commercial Banks Procedures 商业银行次级债券发行管理办法 …

  July 02, 2004

• State Administration of Foreign Exchange, Issues Relating to the Handling of Registration of Foreign Exchange Settlement and Sale Business for the Record by Financial Institutions Circular

  国家外汇管理局关于金融机构办理结售汇业务登记备案有关问题的通知

  Documentary requirements for registration of existing foreign exchange business and application of new foreign exchange activities.

  July 02, 2004

• China Securities Regulatory Commission, Contents and Formats for Information Disclosure of Securities Investment Funds Guidelines (No.2) - Contents and Format of Annual Reports

  中国证券监督管理委员会证券投资基金信息披露内容与格式准则第2号 ﹣《年度报告的内容与格式》

  Issued: June 15 2004Effective: July 1 2004Applicability: Where a fund of which shares of the fund are publicly sold, and record filing procedures are lawfully…

  July 02, 2004

• State Administration of Foreign Exchange, Improving the Verification of Foreign Exchange Settlement for Capital Account Items and the Administration of Foreign Debt Registration of Foreign-invested Enterprises Circular

  国家外汇管理局关于改进外商投资企业资本项目结汇审核与外债登记管理工作的通知

  Tighter restrictions on foreign debts of FIEs are implemented, and 'hot money' inflows into RMB are as tightly restricted as 'capital flight' outflows.

  July 02, 2004