Legal

• Ministry of Commerce, National Development and Reform Commission, People's Bank of China, General Administration of Customs and State Administration of Quality Supervision, Inspection and Quarantine, Several Opinions on Further Advancing Experimentation in the Comprehensive Pilot Project for a New Open Economic System

  商务部、发展改革委、人民银行、海关总署、质检总局关于进一步推进开放型经济新体制综合试点试验的若干意见

  Joint private and foreign investment encouraged in banks in pilot areas.

  September 16, 2017

• Cyberspace Administration of China, Ministry of Industry and Information Technology, Ministry of Public Security and Certification and Accreditation Administration, Announcement on the Issuance of the 《Catalogue of Critical Network Equipment and Dedicated Cybersecurity Products (First Batch)》

  国家互联网信息办公室、工业和信息化部、公安部、国家认证认可监督管理委员会发布《网络关键设备和网络安全专用产品目录（第一批）》的公告

  List of critical network equipment announced.

  September 16, 2017

• People's Bank of China, Announcement [2017] No.7

  中国人民银行公告〔2017〕第7号

  Foreign credit rating agencies allowed to enter China's interbank bond market.

  September 16, 2017

• China Securities Regulatory Commission, Several Provisions on the Reduction by the Shareholders, Directors, Supervisors and Senior Management Personnel of Listed Companies of Their Shareholdings

  中国证券监督管理委员会上市公司股东、董监高减持股份的若干规定

  Major shareholders not allowed to reduce their shareholdings through block trades.

  September 16, 2017

• People's Bank of China, Guidelines for Access Services for Bank Card Settlement Institutions

  中国人民银行银行卡清算机构准入服务指南

  No limits on the number of credit card companies in China.

  September 16, 2017

• China Banking Regulatory Commission, Guidelines for the Administration of Commercial Bank Collateral

  中国银行业监督管理委员会商业银行押品管理指引

  Banks required to conduct annual stress tests on collateral.

  September 16, 2017

• Legislation roundup: Company Law, outbound investment, and financing security

  The SPC has clarified that shareholders can be held liable for divulging trade secrets, and the State Council has restricted outbound deals in real estate and hotel industries and substantially raised the threshold for establishing financing security companies

  September 01, 2017

• Ministry of Finance and State Administration of Taxation, Circular on Policies Relevant to Simplifying and Consolidating Value-added Tax Rates

  财政部、国家税务总局关于简并增值税税率有关政策的通知

  VAT rate structure simplified.

  August 31, 2017

• Ministry of Human Resources and Social Security, Rules for Handling Arbitration of Labor and Public Personnel Disputes

  人力资源和社会保障部劳动人事争议仲裁办案规则

  Labor dispute arbitration procedures streamlined.

  August 31, 2017

• Decoding the latest cybersecurity product review rules

  The CAC's regulations governing reviews of network products and services focus on security and controllability, but companies await clarity on the scope of “critical information infrastructure”

  August 21, 2017