Legal

• State Administration of Taxation, Circular on Clarifying Issues Concerning the Implementation of Several Individual Income Tax Policies

  国家税务总局关于明确个人所得税若干政策执行问题的通知

  Directors' fees treated as wages for individual income tax purposes.

  October 10, 2009

• CBRC promotes orderly wealth management

  Llinks Law OfficesCharles Qin and Jennifer [email protected], [email protected] China Banking Regulatory Commission (CBRC)…

  October 10, 2009

• Ministry of Health, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Supervision, Ministry of Finance, Ministry of Human Resources and Social Security, Ministry of Commerce, State Food and Drug Administration and State Administration of Traditional Chinese Medicine, Implementing Opinion on the Establishment of the State System of Essential Pharmaceuticals

  卫生部、国家发展和改革委员会、工业和信息化部、监察部、财政部、人力资源和社会保障部、商务部、国家食品药品监督管理局、国家中医药管理局关于建立国家基本药物制度的实施意见

  Regions encouraged to reduce the price of essential medicines.

  October 10, 2009

• Mofcom gives conditional approval to GM/Delphi and Pfizer/Wyeth

  Mild behavioural conditions imposed

  October 10, 2009

• Chinese companies invest outside their comfort zone

  Chinese businesses are showing an increasing appetite for offshore assets; but no opportunity comes without risk, and there are many dangers overseas

  October 10, 2009

• Cleantech and Chinese economic success

  As China develops its strategies to fight climate change, foreign companies and venture capital investors must carefully observe existing cleantech regulations and keep a close eye on forthcoming measures

  October 10, 2009

• State Administration of Foreign Exchange, Provisions on Foreign Exchange Control in Connection with Overseas Direct Investment by Organisations in China

  国家外汇管理局境内机构境外直接投资外汇管理规定

  Forex funds and overseas profits can be used for ODI projects.

  October 10, 2009

• Measures for the Administration of Pilot Consumer Finance Companies

  消费金融公司试点管理办法

  The Measures set forth the procedure for establishing a consumer finance company. The minimum registered capital required is Rmb300 million.

  October 10, 2009

• Bao Jingxuan: Greasing the wheels

  China Eximbank financed Sinosteel's successful US$1.3 billion bid for Australian iron ore miner Midwest, which won M&A Deal of the Year at the recent CLP Awards in Shanghai. Beijing-based assistant general manager of the legal affairs department Bao Jingxuan speaks with CLP

  October 10, 2009

• Interpretation of Several Issues Concerning the Specific Application of the Law in Disputes over the Division of Ownership of Buildings

  关于审理建筑物区分所有权纠纷案件具体应用法律若干问题的解释

  The Interpretation elaborates the definition of terms mentioned in the PRC Property Law such as owner, exclusively-owned parts, parts owned in common and materially interested owners.

  October 10, 2009