Law Digest

• People's Bank of China, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission, Guiding Opinions on Improving the Regulation of Systemically Important Financial Institutions

  中国人民银行、中国银行保险监督管理委员会、中国证券监督管理委员会关于完善系统重要性金融机构监管的指导意见

  China defines systemically important financial institutions

  December 05, 2018

• Ministry of Finance and State Administration of Taxation, Implementing Regulations for the PRC Individual Income Tax Law (Draft Amendments for Comments)

  财政部、国家税务总局中华人民共和国个人所得税法实施条例 (修订草案征求意见稿)

  Issued: October 20, 2018 Main contents: The Draft contains a total of 48 articles, with 25 articles amended, 19 articles deleted and 19 new…

  November 28, 2018

• Ministry of Finance and State Administration of Taxation, Tentative Measures for Special Expense Deductions on Individual Income Tax (Draft for Comments)

  财政部、国家税务总局个人所得税专项附加扣除暂行办法 (征求意见稿)

  Issued: October 20, 2018 Main contents: Where a taxpayer himself/herself or his/her spouse uses a personal housing loan from a commercial…

  November 28, 2018

• China Banking and Insurance Regulatory Commission, Circular on Matters Relevant to the Creation of Dedicated Products by Insurance Asset Management Companies

  中国银行保险监督管理委员会关于保险资产管理公司设立专项产品有关事项的通知

  Insurance capital may be invested to alleviate liquidity risks of listed companies

  November 21, 2018

• Standing Committee of the National People's Congress, Decision on Extending the Period of Authorization of the State Council to Launch a Pilot Project for the Marketing Authorization Holder System in Certain Regions

  全国人民代表大会常务委员会关于延长授权国务院在部分地方开展药品上市许可持有人制度试点期限的决定

  The pilot period for the drug MAH scheme is extended

  November 14, 2018

• People's Bank of China, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission, Measures for the Administration of Anti-money Laundering and Anti-terrorist Financing by Institutions Engaging in Internet Financing (Trial Implementation)

  中国人民银行、中国银行保险监督管理委员会、中国证券监督管理委员会互联网金融从业机构反洗钱和反恐怖融资管理办法 (试行)

  Internet financing institutions are required to guard against anti-money laundering and anti-terrorist financing

  November 14, 2018

• State Council, Decision on Revising the «PRC Regulations for the Administration of Foreign-invested Banks» (Draft for Comments)

  国务院关于修改〈中华人民共和国外资银行管理条例〉的决定 (征求意见稿)

  Issued: October 25 2018 Main contents: A foreign bank may simultaneously establish a wholly foreign-owned bank and a foreign bank branch,…

  November 07, 2018

• PRC Atomic Energy Law (Draft for Comments)

  中华人民共和国原子能法 (征求意见稿)

  Issued: September 21, 2018 Main contents: The state encourages the investment of private capital in the nuclear fuel cycle industry and effective…

  October 30, 2018

• National Radio and Television Administration, Provisions for the Administration of the Import and Transmission of Foreign Audio-visual Programs (Draft for Comments)

  国家广播电视总局境外视听节目引进、传播管理规定 (征求意见稿)

  Issued: September 20, 2018 Main contents: No entity or individual may import foreign current affairs type news programs (Article 2). The…

  October 30, 2018

• Ministry of Public Security, Provisions for Monitoring Inspections of Internet Security by Public Security Authorities

  公安部公安机关互联网安全监督检查规定

  Business premises may be inspected for cybersecurity purposes

  October 23, 2018