Law Digest

• China Securities Regulatory Commission, Several Provisions on the Mechanisms to Provide Mutual Trading Access Between the Mainland and Hong Kong Stock Markets

  中国证券监督管理委员会内地与香港股票市场交易互联互通机制若干规定

  Investors enjoy property rights in stocks purchased through the Shanghai/Shenzhen-Hong Kong Stock Connect.

  November 14, 2016

• China Banking Regulatory Commission, Guidelines for the Comprehensive Management of Risks by Banking Financial Institutions

  中国银行业监督管理委员会银行业金融机构全面风险管理指引

  Banks required to assess their risk preferences annually.

  November 14, 2016

• China Central Depository & Clearing Co., Ltd., Guidelines on Bond Business in the China (Shanghai) Pilot Free Trade Zone

  中央国债登记结算有限责任公司中国（上海）自由贸易试验区债券业务指引

  Shanghai FTZ has opened the renminbi bond market

  November 14, 2016

• Standing Committee of the National People's Congress, Decision on Revising Four Laws, Including the «PRC Wholly Foreign-owned Enterprise Law»

  全国人民代表大会常务委员会关于修改《中华人民共和国外资企业法》等四部法律的决定

  The negative list administration model for foreign investment expanded nationwide.

  November 14, 2016

• Other Recent Legislation in These Two Months

  National Legislation Civil Law Circular on Trying and Enforcing Civil and Commercial Cases in Accordance with the Law to Protect…

  November 14, 2016

• China Insurance Regulatory Commission, Circular on Matters Relevant to Strengthening the Oversight of the Investment in Shares by Insurance Institutions and Persons Acting in Concert Therewith (Draft for Comments)

  中国保险监督管理委员会关于加强保险机构与一致行动人股票投资监管有关事项的通知 (征求意见稿)

  Issued: August 26 2016 Main contents: According to the Draft, where an insurance institution is to acquire a listed company, it shall use…

  November 14, 2016

• General Office of the National Development and Reform Commission, Negative List for Internet Market Access (First Batch, Trial Version) (Draft for Comments)

  国家发展改革委办公厅互联网市场准入负面清单 (第一批， 试行版) (征求意见稿)

  Issued: October 21 2016 Main contents: The Negative List preliminarily sets forth a batch of market access items in the internet sector in…

  November 14, 2016

• National Development and Reform Commission, Amendment Draft of the «Catalogue for Guiding Foreign Investment in the Dominant Industries of the Central and Western Regions»

  国家发展改革委员会《中西部地区外商投资优势产业目录》修订稿

  Issued: September 14 2016 Main contents: Manufacture of smart survey and control devices, and their key parts and components is added for…

  November 14, 2016

• Ministry of Industry and Information Technology, Notice on Issues Relevant to the Engagement in the Provision of Telecommunications Services on the Mainland by Hong Kong and Macao Service Providers

  Telecom WOFEs allowed for Hong Kong and Macao investors.

  November 14, 2016

• State Administration of Taxation, Announcement on Several Levy Administration Issues Relating to the Pilot Project for Levy of Value-added Tax in Place of Business Tax

  国家税务总局关于营改增试点若干征管问题的公告

  The SAT has clarified VAT will not be levied on purely offshore activities

  November 14, 2016