Legal

National LegislationBANKINGChina Banking Association, Guidelines on Corporate Social Responsibility of Financial Institutions中国银行业协会金融机构企业社会责任指引L3610/09.01.12CONSTITUTION…

Markian M MalskyyArzinger & [email protected] business activity is subject to risk, but business partners often do not analyse…

Chongqing allows network price bidding for state-owned assets and equity.

The Circular addresses the issues of wages and salaries, total payroll, and deduction of employee benefit expenses.

New measures formalise and streamline the process for making capital contributions using equity, although they may raise approval issues for foreign-invested enterprises.

The Guidelines allows commercial bank establishments with legal personality to engage in the extension of loans for mergers and acquisitions and set forth the criteria therefor.

The total of the amount of capital contribution in the form of valuated equity and of capital contribution in the form of other valuated non-monetary property by all of the shareholders may not exceed 70% of the registered capital of the investee company.

The Circular specifies the method for apportionment of taxable income among partners of partnerships.

Hubert TseYuan Tai PRC [email protected] June 2008, Nanning Sugar Manufacturing Co, whose shares are listed on the Shenzhen Stock Exchange,…