Law Digest

• 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

• State Administration of Taxation, Taxation Treatment Issues Concerning Bad Debt Losses Arising from Engagement in Telecommunications Business by Foreign-invested Enterprises Circular

  国家税务总局关于外商投资企业从事电信业务所发生的坏账损失税务处理问题的通知

  While prohibited to make bad debt provisions, foreign telecom operators may now treat customers' bill overdue for a year or more as bad debt.

  March 31, 2004

• Ministry of Finance and State Administration of Taxation, Relevant Tax Issues Concerning Exports of Production Enterprises whose Tax is not Refunded or whose Tax Rebate Rates are Lowered Circular

  财政部、国家税务总局关于生产企业出口不退税和调低退税率货物有关问题的通知

  Producers now has to bear the burdens for the tax portion that is not refunded.

  March 31, 2004

• Shanghai Municipality, Carrying out the State Administration for Industry and Commerce, «Recognition and Protection of Well-known Trademarks Provisions» Several Implementing Opinions

  上海市关于贯彻国家工商行政管理总局《驰名商标认定和保护规定》的若干实施意见

  Application requirements for the recognition and protection of well-known trademarks.

  March 31, 2004

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

  中华人民共和国海关关于执行《内地与澳门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 Macao enterprise in the Mainland.

  March 31, 2004

• Ministry of Land and Resources, Land and Resources Administrative System Measures for the People

  国土资源部国土资源管理系统行政为民措施

  By increasing transparency, and protection of ordinary people, the “Ten Measures” represents an institutional answer to the perceived unfairness in the allocation and development of land and resources within the PRC.

  February 29, 2004

• The Standing Committee of the 10th National People's Congress, Legislation Plan (76 Pieces in Total)

  十届全国人大常委会立法规划(共76件)

  The 2004 legislative agenda for the NPC.

  February 29, 2004

• China Securities Regulatory Commission, Sponsorship System for Issue and Listing of Securities Tentative Procedures

  中国证券监督管理委员会证券发行上市保荐制度暂行办法

  Promotes sound corporate practices for sponsors of listing companies.

  February 29, 2004

• Ministry of Commerce, Establishment of Foreign-invested Exhibition and Convention Companies Tentative Provisions

  商务部设立外商投资会议展览公司暂行规定

  Opens up access for foreign investors in the Chinese trade fairs, exhibition and convention industry.

  February 29, 2004