Legal

• China Securities Regulatory Commission, Tentative Measures for the Administration of the Business of Evaluation of Securities Investment Funds

  中国证券监督管理委员会证券投资基金评价业务管理暂行办法

  CSRC bans the rating of funds under three years of age.

  December 08, 2009

• State Administration of Taxation, Measures for the Administration of the Treatment for Which Non-tax-residents are Eligible Under Tax Agreements (Trial Implementation)

  国家税务总局非居民享受税收协定待遇管理办法 (试行)

  China consolidates rules on tax reduction eligibility of non-tax-residents.

  December 08, 2009

• Shenzhen Stock Exchange, Rules for Listing of Corporate Bonds

  深圳证券交易所公司债券上市规则

  Shenzhen Stock Exchange has differing administrations for bonds.

  December 08, 2009

• Increasingly litigious IP owners change enforcement landscape

  RouseSophia [email protected] landscape of IP enforcement in China is changing. Whereas in the past, the first line of attack against infringers…

  December 08, 2009

• Other Recent Legislation of this Month

  National Legislation AccountingSeveral Opinions on Accelerating the Development of the Certified Public Accountant Profession in China关于加快发展我国注册会计师行业的若干意见L3110/09.10.03 Construction…

  December 08, 2009

• Preliminary comparison between ChiNext and SME

  Grandall Legal Group (Shanghai)Charles Guan and Sun [email protected], [email protected] October 30 2009, the first 28 companies were…

  December 08, 2009

• Circular on Issues Concerning the Implementation of Preferential Income Tax Treatment for Venture Investment Enterprises

  关于实施创业投资企业所得税优惠问题的通知

  The Circular sets forth the criteria under which a venture investment enterprise may enjoy tax reduction for investment in an unlisted small or medium high and new technology enterprise.

  December 08, 2009

• Circular on Issues Relevant to the Implementation of Articles on Royalties of Tax Agreements

  关于执行税收协定特许权使用费条款有关问题的通知

  The Circular clarifies the amounts or remuneration that shall not be treated as royalties but rather as income derived from service activities.

  December 08, 2009

• Circular on How to Interpret and Recognise the “Beneficial Owner” in Tax Agreements

  关于如何理解和认定税收协定中“受益所有人”的通知

  The Circular states that conduit companies are not beneficial owners. It also sets forth factors that are not conducive to the recognition of an applicant's status as a beneficial owner.

  December 08, 2009

• Anti-monopoly: Agencies walk a fine line

  The PRC Anti-monopoly Law has spawned a vast amount of analysis, debate and hand-wringing among lawyers, academics and businesses worldwide. But, where is China's competition law framework heading in 2010?

  December 08, 2009