Law Digest

• Anti-monopoly Commission of the State Council, Guidelines on the General Conditions and Procedures for the Exemption of Monopolistic Agreements (Draft for Comments)

  国务院反垄断委员会关于垄断协议豁免一般性条件和程序的指南 (征求意见稿)

  Issued: May 12 2016 Applicability: For the purposes of these Guidelines, the term “exemption” means that a business operator can demonstrate…

  July 05, 2016

• China Banking Regulatory Commission, Ministry of Science and Technology and People's Bank of China, Guiding Opinions on Supporting Intensification of Innovation by Banking Financial Institutions to Launch a Pilot Project for Interlinked Investment in, and Lending to, Scientifically Innovative Enterprises

  中国银行业监督管理委员会、科技部、中国人民银行关于支持银行业金融机构加大创新力度 开展科创企业投贷联动试点的指导意见

  Pilot banks may engage in hybrid equity-debt financing.

  July 05, 2016

• National Equities Exchange and Quotations Co. Ltd., Measures for the Tiered Administration of Companies Listed on the National Equities Exchange and Quotations (Trial Implementation)

  全国中小企业股份转让系统有限责任公司全国中小企业股份转让系统挂牌公司分层管理办法（试行）

  Tiered administration introduced for the New Third Board to increase transparency.

  July 05, 2016

• China Securities Regulatory Commission, Questions and Answers Relating to the Offering of Shares to Simultaneously Purchase Assets and Raise Ancillary Funds by Listed Companies

  中国证券监督管理委员会关于上市公司发行股份购买资产同时募集配套资金的相关问题与解答

  Shares from Raising of Ancillary Funds Not Counted to Prevent Circumvention of Backdoor Listing Requirements.

  July 05, 2016

• Office of the China Banking Regulatory Commission, Circular on Regulating the Credit Asset Benefit Right Transfer Business of Banking Financial Institutions

  中国银行业监督管理委员会办公厅关于规范银行业金融机构信贷资产收益权转让业务的通知

  Strict provisioning to suppress banks' shadow banking.

  July 05, 2016

• Other Recent Legislation in These Two Months

  National Legislation Banking Circular on Further Strengthening the Administration of the Offshore Operation Risks of Banking…

  May 31, 2016

• Ministry of Finance and State Administration of Taxation, Circular on Comprehensively Launching a Pilot Project for the Levy of Value-added Tax in Place of Business Tax

  财政部、国家税务总局关于全面推开营业税改征增值税试点的通知

  China rolls out VAT reform.

  May 25, 2016

• National Development and Reform Commission, Decision on Amending the «Measures for the Administration of the Check and Approval and Record Filing of Overseas Investment Projects» (Draft for Public Comments)

  国家发展和改革委员会关于修订《境外投资项目核准和备案管理办法》的决定（公开征求意见稿）

  Issued: April 13 2016 Main contents: The Draft proposes to amend Article 7 so that all overseas investment projects involving sensitive counties,…

  May 25, 2016

• Ministry of Commerce and State Administration for Industry and Commerce, Announcement [2016] No.7

  商务部国家工商行政管理总局公告2016年第7号

  Scope of direct sale products expanded.

  May 25, 2016

• National Energy Administration, Guiding Opinions on the Establishment of a Guidance System for Targets of Renewable Energy Development and Utilization

  国家能源局关于建立可再生能源开发利用目标引导制度的指导意见

  Targets for non-hydropower renewable energy issued for provinces and municipalities.

  May 25, 2016