Legal

• China Securities Regulatory Commission, Guiding Opinion on Further Reform and Enhancement of the System for Offering of New Shares

  中国证券监督管理委员会关于进一步改革和完善新股发行体制的指导意见

  CSRC revises the pricing method for offering of new shares.

  July 29, 2009

• Beijing Municipality, Several Provisions for Encouraging the Establishment of Regional Headquarters in Beijing by Multinational Corporations

  北京市关于鼓励跨国公司在京设立地区总部的若干规定

  Beijing offers financial incentives to establish regional headquarters in the city.

  July 29, 2009

• Beijing challenges Shanghai to win regional HQs

  New rules issued by the Beijing municipal government provide attractive incentives for foreign multinational companies looking for a regional base

  July 29, 2009

• Anti-Monopoly Commission of the State Council, Guidelines on the Definition of Relevant Market

  国务院反垄断委员会关于相关市场界定的指南

  “Relevant market” defined for China's anti-monopoly law enforcement.

  July 29, 2009

• State Administration for Industry and Commerce, Provisions on Procedures for Investigation and Handling of Cases of Monopolistic Agreements and Cases of Abuse of Dominant Market Position by Administrations for Industry and Commerce

  国家工商行政管理总局工商行政管理机关查处垄断协议、滥用市场支配地位案件程序规定

  Anti-monopoly Law enforcement may be handled by local branches of SAIC.

  July 29, 2009

• Supreme People's Court, Opinion on Several Issues Concerning Proper Trial of Enterprise Bankruptcy Cases to Safeguard the Order of the Market Economy and Provide Judicial Protection

  最高人民法院关于正确审理企业破产案件为维护市场经济秩序提供司法保障若干问题的意见

  Shareholders may be liable to discharge the company's debts.

  July 29, 2009

• People's Bank of China, Ministry of Finance, Ministry of Commerce, General Administration of Customs, State Administration of Taxation and China Banking Regulatory Commission, Measures for the Administration of Pilot Projects for Cross-border Trade Settlement in Renminbi

  中国人民银行、财政部、商务部、海关总署、国家税务总局、中国银行业监督管理委员会跨境贸易人民币结算试点管理办法

  China puts forward cross-border trade settlement in renminbi.

  July 29, 2009

• State Administration of Foreign Exchange, Circular on Foreign Exchange Control Issues Relevant to Overseas Loans Extended by Enterprises in China

  国家外汇管理局关于境内企业境外放款外汇管理有关问题的通知

  Safe allows companies in China to extend loans to their overseas subsidiaries.

  July 29, 2009

• Shareholder loans permitted to overseas subsidiaries

  Liu Yi and Philips Zhenyu DingRun Ming Law [email protected], [email protected] order to facilitate and finance outbound investment by Chinese…

  July 29, 2009

• Ministry of Finance, State-owned Assets Supervision and Administration Commission of the State Council, China Securities Regulatory Commission and National Council for Social Security Fund, Implementing Measures for the Transfer of Certain State-owned Shares from the Domestic Securities Market to the National Social Security Fund

  财政部、国务院国有资产监督管理委员会、中国证券监督管理委员会、全国社会保障基金理事会境内证券市场转持部分国有股充实全国社会保障基金实施办法

  China issues measures to prevent mass unloading of previously non-tradable shares.

  July 29, 2009