Legal

Last night China Law & Practice hosted its sixth annual Awards ceremony in Beijing. Jun He and Freshfields took home the prestigious Firm of the Year prizes. Here is the full list of winners including deals, teams and firms of the year

Enterprise income tax may not be levied by assessment against enterprises that solely engage in equity (stock) investment business.

The variable interest equity (VIE) structure has long been used by foreign investors wishing to invest in China's prohibited or restricted industries, but an investigation into New Oriental Group has highlighted issues with the structure and led to calls to fully-open foreign investment

Shareholders may not sell privately offered bonds to insurance companies that they control.

Guidelines require deferred payment of bonuses of senior management personnel of insurance companies.

If the commissioning party of processing trade sells the products at a price higher than the selling price of the commissioned party, it will not be regarded as a direct sale and does not incur consumption tax.

National legislation  Emerging industriesPlan for the Development of New State Strategic Industries During the 12th Five-year Plan “十二五”国家战略性新兴产业发展规划L2100/12.07.09 Environmental…

The China International Economic and Trade Arbitration Commission has suspended the hearing of cases at its Shenzhen and Shanghai sub-commissions

New Measures from SIPO could see invention patents granted in a year, but questions remain over how many applications examiners can push through that quickly