Law Digest

• State Administration of Taxation, Income Tax Issues Relevant to Enterprise Equity Assignment Supplementary Circular

  国家税务总局关于企业股权转让有关所得税问题的补充通知

  The differing characterization of retained earnings as equity assignment income or dividend income, in situations as company stock transfer, liquidation and assignment of subsidiary.

  March 31, 2004

• General Administration of Customs, Implementation of the «Rules of Origin for Trade in Goods»under the «Mainland and Hong Kong Closer Economic Partnership Arrangement» Provisions

  中华人民共和国海关关于执行《内地与香港关于建立更紧密经贸关系的安排》项下《关于货物贸易的原产地规则》的规定

  Clarifies definitions for the applicable trade privileges given to Hong Kong enterprise in the Mainland.

  March 31, 2004

• Ministry of Commerce, Establishment of Companies With an Investment Nature by Foreign Investors Provisions (Revised)

  商务部关于外商投资举办投资性公司的规定 (修订)

  The revised Provisions add one more section on recognition of a company with an investment nature by foreign investors as a regional headquarters.

  March 31, 2004

• Ministry of Finance, Administration of the Business of Inter-market Transfer of the Custody of Treasury Bonds Procedures

  财政部国债跨市场转托管业务管理办法

  Transfer of PRC treasury bonds held by the same client among different custodian institutions.

  March 31, 2004

• State Council, PRC Anti-dumping Regulations (Revised)

  国务院中华人民共和国反倾销条例 (修订)

  Promulgated: March 31 2004Effective: June 1 2004Main contents: Article 33 of the Regulations has been amended to include public interest as a criteria…

  March 31, 2004

• China Banking Regulatory Commission, Oversight of the Consolidation of Statements of Foreign-invested Banks Administrative Procedures

  中国银行业监督管理委员会外资银行并表监管管理办法

  Foreign investors in the PRC banking industry are subject to duties in quarterly consolidated financial statement reporting, conglomerate reporting, official inspections, external audit and tripartite meetings.

  March 31, 2004

• State Administration for Industry and Commerce and Ministry of Commerce, Administration of Foreign-invested Advertising Enterprises Provisions

  国家工商行政管理总局、商务部外商投资广告企业管理规定

  Provides for foreign investment and participation in the PRC advertising market.

  March 31, 2004

• China Securities Regulatory Commission, Matters Relevant to the Implementation of the «Sponsorship System for Offering and Listing of Securities Tentative Procedures» Circular

  中国证券监督管理委员会关于实施《证券发行上市保荐制度暂行办法》有关事项的通知

  Clarification for the investment banking qualificaiton for the registration of sponsor representative.

  March 31, 2004

• The Standing Committee of the National People's Congress, Article 7 of Annex I and Article 3 of Annex II to the «PRC Hong Kong Special Administrative Region Basic Law» Interpretation

  全国人民代表大会常务委员会关于《中华人民共和国香港特别行政区基本法》附件一第七条和附件二第三条的解释

  The NPCSC interpretation of the Hong Kong Basic Law on the issues of Chief Executive and Legislative Council selection.

  March 31, 2004

• Other Recent Legislation for this Month

  National LegislationBankingMonitoring and Review of Bad Assets of Commercial Banks Tentative Procedures 商业银行不良资产监测和考核暂行办法L3610/04.03.25Administration…

  March 31, 2004