Law Digest

• Supreme People's Court, Interpretation on the Application of the «PRC Civil Procedure Law»

  最高人民法院关于适用<中华人民共和国民事诉讼法>的解释

  SPC sets forth criteria for instituting public interest cases.

  March 16, 2015

• Supreme People's Court, Provisions on Several Issues Concerning the Trial of Cases by Circuit Courts

  最高人民法院关于巡回法庭审理案件若干问题的规定

  China sets up circuit courts.

  March 16, 2015

• Ministry of Industry and Information Technology, Announcement on Relaxing the Restriction on the Equity Percentage of Foreign Investors in Online Data Processing and Transaction Processing Services (For-profit Electronic Commerce) in the China (Shanghai) Pilot Free Trade Zone

  工业和信息化部关于在中国（上海）自由贸易试验区放开在线数据处理与交易处理业务（经营类电子商务）外资股权比例限制的通告

  E-commerce WOFEs allowed in Shanghai FTZ.

  March 16, 2015

• China Insurance Regulatory Commission, Circular on Matters Relevant to Risk Owners of Insurance Asset Management Products

  中国保险监督管理委员会关于保险资产管理产品风险责任人有关事项的通知

  Risk owners required of insurance asset management business.

  March 16, 2015

• China Banking Regulatory Commission, Measures for the Administration of Entrusted Loans of Commercial Banks (Draft for Comments)

  中国银行业监督管理委员会商业银行委托贷款管理办法 (征求意见稿)

  Issued: January 16 2015Main contents: The Measures specify that entrusted loans may not be used for:(1) investment in bonds, futures, financial derivatives,…

  March 16, 2015

• People's Bank of China, Guiding Opinions on the Remote Opening of Renminbi Bank Accounts by Banking Financial Institutions (Draft for Comments)

  中国人民银行关于银行业金融机构远程开立人民币银行账户的指导意见 (征求意见稿)

  Published: January 2015Main contents: The Draft requires that the remote opening of accounts be based on the real name system. Within the scope of remote…

  March 16, 2015

• Ministry of Human Resources and Social Security, Provisions for Personnel Cutbacks by Enterprises (Draft for Comments)

  人力资源社会保障部企业裁减人员规定 (征求意见稿）

  Issued: December 31 2014Main contents: The Draft specifies that if the number of persons whose employment contracts an enterprise is to terminate subsequent…

  January 29, 2015

• Ministry of Commerce, PRC Foreign Investment Law (Draft for Comments)

  商务部中华人民共和国外国投资法 (草案征求意见稿)

  Issued: January 19 2014 Main contents: Pursuant to the Draft, an enterprise in China controlled by a foreign investor is treated as a foreign investor,…

  January 21, 2015

• Other Recent Legislation in These Two Months

  Banking Measures for the Anti-money LaunderingOversight of Financial Institutions (Trial Implementation) 金融机构反洗钱监督管理办法 (试行)…

  January 16, 2015

• State Administration of Taxation, Measures for the Administration of Individual Income Tax on Income Derived from Equity Transfers (Trial Implementation)

  国家税务总局股权转让所得个人所得税管理办法（试行）

  SAT clarifies individual income tax levy on equity transfers.

  January 16, 2015