Law Digest

• State Administration of Taxation, Announcement on the Issue Concerning the Recognition of the Tax-resident Status When Implementing the «Arrangement between the Mainland of China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income»

  国家税务总局关于执行《内地和香港特别行政区关于对所得避免双重征税和防止偷漏税的安排》有关居民身份认定问题的公告

  SAT clarifies steps for Hong Kong tax-residents to avoid double taxation.

  October 25, 2013

• China Insurance Regulatory Commission, Circular on Matters Relevant to the Reform of the Policy on Premium Rates for Standard Personal insurance

  中国保险监督管理委员会关于普通型人身保险费率政策改革有关事项的通知

  Maximum predetermined interest rate for standard personal insurance raised from 2.5% to 3.5%.

  October 24, 2013

• China Banking Regulatory Commission, Work Guidelines for the Protection of the Rights and Interests of Consumers of the Banking Sector

  中国银行业监督管理委员会银行业消费者权益保护工作指引

  The first consumer protection guidelines for the banking sector issued.

  October 24, 2013

• State Council, Circular on Strictly Controlling the Establishment of New Administrative Permissions

  国务院关于严格控制新设行政许可的通知

  State Council suppresses bureaucratic approval requirements.

  October 04, 2013

• People's Bank of China, Circular on Simplifying the Procedure for Cross-border Renminbi Transactions and Improving Relevant Policies

  中国人民银行关于简化跨境人民币业务流程和完善有关政策的通知

  Cross-border renminbi transactions made easier.

  September 26, 2013

• State Council, Opinion on Reforming the Railway Investment and Financing System to Accelerate and Promote Railway Construction

  国务院关于改革铁路投融资体制加快推进铁路建设的意见

  China encourages private investment in railways.

  September 18, 2013

• China Insurance Regulatory Commission, Circular on Strengthening the Administration of the Chief Actuaries of Personal Insurance Companies

  中国保险监督管理委员会关于加强人身保险公司总精算师管理的通知

  Chief actuary of an insurance company bears lifetime liability.

  September 18, 2013

• China Banking Regulatory Commission, Implementing Measures on Administrative Permission Matters in Connection with Chinese-invested Commercial Banks (2013 Draft for Comments)

  中国银行业监督管理委会中资商业银行行政许可事项实施办法 (2013年版征求意见稿)

  Issued: August 9 2013 Main contents: The Draft relaxes the requirements for the establishment of banks with private capital. It lifts the 8% minimum…

  September 10, 2013

• State Administration of Work Safety, Provisions for the Regulation of the Work Safety of Food Production Enterprises (Draft for Comments)

  国家安全生产监督管理总局食品生产企业安全生产监督管理规定 (征求意见稿)

  Issued: July 29 2013 The Draft requires food processing/production enterprises with more than 300 food processing/production employees to set…

  September 10, 2013

• Ministry of Human Resources and Social Security, Several Provisions on Placement (Draft for Comments)

  人力资源社会保障部劳务派遣若干规定 (征求意见稿)

  Issued: August 7 2013 Main contents: The Draft clarifies that the percentage of temporary workers used by an enterprise in ancillary positions may…

  September 10, 2013