Legal

• China Securities Regulatory Commission, Guidelines for the Participation in Stock Index Futures Trading by Qualified Foreign Institutional Investors

  中国证券监督管理委员会合格境外机构投资者参与股指期货交易指引

  QFIIs may trade stock index futures only for hedging purposes.

  June 01, 2011

• Shanghai Municipality, Several Opinions on Further Delegating the Authority to Check and Approve Foreign-invested Projects to Lower-level Authorities

  上海市关于进一步下放外商投资项目核准权限的若干意见

  Biggest delegation of foreign investment approval in Shanghai.

  June 01, 2011

• State Administration of Foreign Exchange, Circular on Abolishing and Revising the Examination and Approval Authority and Administrative Measures for Certain Foreign Exchange Transactions on the Capital Account

  国家外汇管理局关于取消和调整部分资本项目外汇业务审核权限及管理措施的通知

  Safe streamlines foreign exchange approval procedures.

  June 01, 2011

• China Banking Regulatory Commission, Guiding Opinion on the Implementation of New Regulatory Standards by China's Banking Sector

  中国银行业监督管理委员会关于中国银行业实施新监管标准的指导意见

  Banks required to meet capital adequacy ratio requirements of Basel III.

  June 01, 2011

• Guidelines for the Participation in Stock Index Futures Trading by Qualified Foreign Institutional Investors

  合格境外机构投资者参与股指期货交易指引

  Qualified foreign institutional investors allowed to trade stock index futures for hedging purposes.

  June 01, 2011

• Supreme People's Court, Annual Report on Intellectual Property Cases (2010) (Abstract)

  最高人民法院知识产权案件年度报告 (2010) (摘要)

  The 2010 Report selected 43 issues with broad guiding significance from 36 cases including: determination of the equivalence of technical features in a patent infringement dispute and protection of a design under the Anti-unfair Competition Law after the patent expires.

  June 01, 2011

• Fujian Province, Implementing Measures for the Work Associated with the Pilot Projects for the Establishment of Representative Offices in Fuzhou and Xiamen by Law Firms from Taiwan

  福建省台湾地区律师事务所在福州厦门设立代表机构试点工作实施办法

  Taiwan law firms allowed to set up representative offices in Fuzhou and Xiamen.

  June 01, 2011

• Recent transfer pricing developments

  The tax authority continues to ramp up its manpower for transfer pricing-related audits

  June 01, 2011

• Other Recent Legislation for This Month

  National legislation Environmental protectionCircular on Further Promoting Renewable Energy Use in Construction 关于进一步推进可再生能源建筑应用的通知L1600/11.03.08 InsuranceCircular…

  June 01, 2011

• Rules could be relaxed if QFII index futures trading is successful

  CSRC allows QFIIs to trade SIFs in China

  June 01, 2011