Legal

• Ministry of Finance and State Administration of Taxation, Circular on Deed Tax Policy Relevant to First-time Purchase of Ordinary Residential Premises

  财政部、国家税务总局关于首次购买普通住房有关契税政策的通知

  Preferential deed tax policy does not apply to second-time joint housing purchasers.

  April 16, 2010

• Real estate rules prove effective in Hainan

  Recent measures promulgated by local authorities in Hainan province have successfully curbed soaring real estate prices.     On March…

  April 16, 2010

• State Administration of Taxation, Tentative Measures for the Tax Administration of Resident Representative Offices of Foreign Enterprises

  国家税务总局外国企业常驻代表机构税收管理暂行办法

  Authority clamps down on rep offices.

  April 16, 2010

• China Banking Regulatory Commission, Guidelines for Regulation of the Sound Compensation of Commercial Banks

  中国银行业监督管理委员商业银行稳健薪酬监管指引

  Bonus payment of senior management personnel of banks required to be deferred.

  April 16, 2010

• China Banking Regulatory Commission, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Commerce, the People's Bank of China and the State Administration for Industry and Commerce, Tentative Measures for the Administration of Financing Security Companies

  中国银行业监督管理委员会、国家发展和改革委员会、工业和信息化部、财政部、商务部、中国人民银行、国家工商行政管理总局融资性担保公司管理暂行办法

  Financing security companies put under regulation.

  April 16, 2010

• Other Recent Legislation for this Month

  National legislation Asset valuationAsset Valuation Guidelines-Jewellery 资产评估准则—珠宝首饰 L3300/09.12.18 Aviation and aerospaceOpinion…

  April 16, 2010

• China Banking Regulatory Commission, Circular on Issues Relevant to Strengthening the Regulation of the Real Property Trust Business of Trust Companies

  中国银行业监督管理委员会关于加强信托公司房地产信托业务监管有关问题的通知

  Stricter criteria for real property trust financing.

  April 16, 2010

• China Insurance Regulatory Commission, Circular on Matters Relevant to the Investment in Unsecured Enterprise Bonds by Insurance Institutions

  中国保险监督管理委员会关于保险机构投资无担保企业债券有关事宜的通知

  Investment of insurance proceeds in unsecured bonds restricted.

  April 16, 2010

• A clean break up: China Unicom and Google

  Although China Unicom ended its partnership with Google last week, there was no contractual breach, said counsel. On March 24 2010 China Unicom announced…

  April 16, 2010

• Ministry of Land and Resources, Circular on Issues Relevant to Strengthening the Supply and Regulation of Land Use for Real Property

  国土资源部关于加强房地产用地供应和监管有关问题的通知

  MLR issues 19 articles to curb property speculation.

  April 16, 2010