Law Digest

• State Council, Guiding Opinions on Accelerating the Development of Production-type Service Industries to Promote Restructuring and Enhancement of the Industrial Structure

  国务院关于加快发展生产性服务业促进产业结构调整升级的指导意见

  Enterprises in the environmental sector are eligible for 15% tax rate.

  August 14, 2014

• State Council, Opinions on Further Promoting Reform of the Household Registration System

  国务院关于进一步推进户籍制度改革的意见

  China dismantles segregation of urban and rural residency.

  August 08, 2014

• Other Recent Legislation in These Two Months

  National legislationAccountingMeasures for the Sitting of the Unified National Examination for Certified Public Accountants by Residents of the Hong Kong…

  July 15, 2014

• China Securities Regulatory Commission, Several Opinions on Reforming, Improving and Strictly Implementing the System for Delisting Listed Companies (Draft for Comments)

  中国证券监督管理委员会关于改革完善并严格实施上市公司退市制度的若干意见 (征求意见稿)

  Issued: July 4 2014Main contents: The Draft enumerates seven circumstances under which voluntary delisting is triggered by a takeover, buyback, merger…

  July 15, 2014

• China Insurance Regulatory Commission, Guiding Opinions on Launching Pilot Projects for Senior Housing Reverse Mortgage Endowment Insurance

  中国保险监督管理委员会关于开展老年人住房反向抵押养老保险试点的指导意见

  China launches senior housing reverse mortgage endowment insurance in four major cities.

  July 15, 2014

• People's Bank of China, Measures for the Administration of the Handling of the Settlement and Sale of Foreign Exchange by Banks

  中国人民银行银行办理结售汇业务管理办法

  PBOC lowers thresholds for banks to engage in forex business.

  July 15, 2014

• Ministry of Finance, Measures for the 2014 Pilot Project for the Autonomous Issuance and Repayment of Local Government Bonds

  财政部2014年地方政府债券自发自还试点办法

  Local governments allowed to issue their own bonds.

  July 15, 2014

• China Banking Regulatory Commission, Tentative Measures for the Administration of the Factoring Business of Commercial Banks

  中国银行业监督管理委员会商业银行保理业务管理暂行办法

  CBRC strengthens prudential management of banks' factoring business.

  July 15, 2014

• China Banking Regulatory Commission, Circular on Revising the Basis for Calculating the Loan-to-deposit Ratios of Commercial Banks

  中国银行业监督管理委员会关于调整商业银行存贷比计算口径的通知

  CBRC relaxes restrictions on the loan-to-deposit ratios of commercial banks

  July 15, 2014

• People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission and State Administration of Foreign Exchange, Circular on Regulating Interbank Businesses of Financial Institutions

  中国人民银行、中国银行业监督管理委员会、中国证券监督管理委员会、中国保险监督管理委员会、国家外汇管理局关于规范金融机构同业业务的通知

  Measures issued to suppress shadow banking.

  July 15, 2014