Legal

Stamp duty on preference share transactions set at 0.1%

Speakers at the asialaw In-house Counsel Summit this week advised in-house counsel to get serious about implementing internal compliance controls and conducting thorough due diligence in their investments

Speakers at the asialaw In-house Counsel Summit this week advised in-house counsel to get serious about implementing internal compliance controls and conducting thorough due diligence in their investments

Customs for foreign goods entering the Shanghai Free Trade Zone has been simplified and administrative approval for shipping insurance companies has been abolished. The CIRC has also set subsidiary guidelines for insurance companies

SAT revises the expense deduction amount for individual income tax of partnerships and proprietorships.

This week Sony agreed to form JVs to sell PlayStation consoles in China, China State Construction's 300 million preferred shares offering marked the biggest offering by a non-bank and State Grid opened up two business sectors to non-state investors

This week China's national security woes led to a ban on government use of Windows 8, Baidu invested in a US$300 million R&D facility in Silicon Valley and the CSRC has plans for 100 IPOs this year

Measures revised to allow loans for insurance company M&As.

The CBRC tightened interbank financing and the internal controls of commercial banks, while MOFCOM unveiled a pilot project allowing 10 regions to issue local government bonds