Legal

A close look at China's newly-updated foreign investment catalogue reveals trends that reinforce the government's policy objectives. Numerous new additions encourage investment in seven strategic emerging industries, while the catalogue scales back on encouraging investment in lower technology and lower value-added sectors.

PRC Tentative Regulations on Resource Tax (Revised)

Including: National Development and Reform Commission, Foreign Investment Industrial Guidance Catalogue (Revised in 2011) (Full translation available in the Feb issue)

Private equity and venture capital funds are only allowed to target qualified investors that satisfy the requirements of new rules

Asia's leading female lawyers descended on Hong Kong's Jockey Club on December 8 to celebrate Euromoney Legal Media Group's inaugural Asia Women in Business Law Awards.

Transport and logistics sectors benefit from the new VAT reform.

Thresholds for levy of value-added tax raised.

Employers hiring disabled persons may enjoy multiple VAT tax refunds.

Tax policy continued to encourage R&D institutions.