Legal

• Legislation roundup: Foreign Investment Law, corporate bonds and overseas listing

  MOFCOM has issued a draft of the PRC Foreign Investment Law, the CSRC opened up corporate bond trading and SAFE simplified FX conversion of offshore listing proceeds

  January 23, 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

• In the news: Kuaidi Dache raises US$600 million, J&J and Tesla's China businesses get a closer look and more SOE reform moves are made

  SoftBank and Alibaba financed taxi-hailing app Kuaidi Dache, Johnson & Johnson and Tesla's China businesses were analysed, SOE audits and inspections were enhanced and a startup investment fund was set up

  January 19, 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

• Listed company M&A and restructuring gets overhauled

  While the CSRC's new rules on the takeover and restructuring of listed companies eliminate restrictions and simplify the approval process, they also increase information disclosure requirements and regulatory supervision. Will this achieve market balance?

  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

• China Council for the Promotion of International Trade and China Chamber of International Commerce, Arbitration Rules of the China Maritime Arbitration Commission (2014)

  中国国际贸易促进委员会、中国国际商会中国海事仲裁委员会仲裁规则 （2014版）

  CMAC allows the use of arbitration rules of another arbitration tribunal.

  January 16, 2015

• Standing Committee of the National People's Congress, Decision on Authorising the State Council to Provisionally Adjust the Administrative Examination and Approval Specified in Relevant Laws in the China (Guangdong) Pilot Free Trade Zone, China (Tianjin) Pilot Free Trade Zone, China (Fujian) Pilot Free Trade Zone and the Extended Area of the China (Shanghai) Pilot Free Trade Zone

  全国人民代表大会常务委员会关于授权国务院在中国（广东）自由贸易试验区、中国（天津）自由贸易试验区、中国（福建）自由贸易试验区以及中国（上海）自由贸易试验区扩展区域暂时调整有关法律规定的行政审批的决定

  China establishes three more free trade zones in Guangdong, Tianjin and Fujian.

  January 16, 2015

• State Council, PRC Regulations for the Administration of Foreign-invested Banks (2nd Revision)

  国务院中华人民共和国外资银行管理条例 (第二次修订)

  China lowers the market access thresholds for foreign-invested banks.

  January 16, 2015

• National Development and Reform Commission, Foreign Investment Industrial Guidance Catalogue (Amendment Draft)

  国家发展和改革委员会外商投资产业指导目录 (修订稿)

  Issued: November 4 2014 Main contents: The Catalogue places emphasis on promoting the opening of the manufacturing industry and service industry to…

  January 16, 2015