Law Digest

• Ministry of Justice, Implementing Regulations for the PRC Law on Promoting Private Education (Draft Amendments) (Sent for Deliberation)

  司法部中华人民共和国民办教育促进法实施条例 (修订草案) (送审稿)

  Issued: August 10 2018 Main contents: If a promoter of a non-profit private school is to be replaced, a replacement agreement shall be executed,…

  August 29, 2018

• Financial Market Department of the People's Bank of China, Circular on Launching a Pilot Project for the Offering of Financial Bonds by Flexible Tender

  中国人民银行金融市场司关于试点开展金融债券弹性招标发行的通知

  The size of financial bond offerings may be revised.

  August 29, 2018

• National Development and Reform Commission and National Energy Administration, Circular on Actively Promoting Market-based Trading in Electric Power and Further Improving the Trading Mechanism

  国家发展改革委、国家能源局关于积极推进电力市场化交易 进一步完善交易机制的通知

  Four industries will be opened for power deregulation

  August 21, 2018

• Bill for Amendments to the PRC, Individual Income Tax Law (Draft)

  中华人民共和国个人所得税法修正案 (草案)

  Issued: June 29 2018 Main contents: Article 1 is amended to read as follows: An individual who has a residence in China or who, although not…

  July 25, 2018

• General Office of the State Council, Measures on Work Relevant to the Assignment of Intellectual Property Rights to Foreign Parties (Trial Implementation)

  国务院办公厅知识产权对外转让有关工作办法 (试行)

  National security reviews imposed on IPR transfers

  June 08, 2018

• China Securities Regulatory Commission, Measures for the Administration of Foreign-invested Securities Companies

  中国证券监督管理委员会外商投资证券公司管理办法

  Foreign investors allowed controlling shareholdings in securities companies

  June 08, 2018

• Department of Transport of the Civil Aviation Administration of China, Measures for the Administration of the For-profit Flight Activities of Civil Unmanned Aircraft (Tentative)

  中国民用航空局运输司民用无人驾驶航空器经营性飞行活动管理办法 (暂行)

  Criteria for unmanned aircraft permits set out

  June 08, 2018

• Office of the Special Rectification Work Steering Committee for Internet Financial Risks, Circular on Intensifying the Rectification of Asset Management Business Conducted Over the Internet and Launching Acceptance Check Work

  互联网金融风险专项整治工作领导小组办公室关于加大通过互联网开展资产管理业务整治力度及开展验收工作的通知

  Only financial institutions may engage in online asset management sales.

  June 08, 2018

• People's Bank of China, Circular on Further Strengthening the Administration of the Security of Credit Information

  中国人民银行关于进一步加强征信信息安全管理的通知

  Unauthorized Apps may not access financial credit information.

  June 08, 2018

• OTHER RECENT LEGISLATION

   Banking and Finance Circular on Matters Relevant to Regulating Private Lending to Safeguard the Economic and Financial Order关于规范民间借贷行为维护经济金融秩序有关事项的通知L3600/18.04.16 Guiding…

  June 08, 2018