Legal

• CITIC does rare PIPE deal

  CITIC Capital China Real Estate Investment Fund III has made a bond purchase agreement with SRE Group, a Hong Kong-listed PRC real estate company.Such…

  April 16, 2009

• Ministry of Finance and State Administration of Taxation, Circular on the Termination of the Tax Rebate Policy for Purchase of Domestically-manufactured Equipment by Foreign-invested Enterprises

  财政部、国家税务总局关于停止外商投资企业购买国产设备退税政策的通知

  No more full rebate of VAT to foreign-invested enterprises.

  April 16, 2009

• China Mobile sued on anti-monopoly grounds

  Lack of action by authorities leads customers straight to court

  April 16, 2009

• China Securities Regulatory Commission, Tentative Measures for the Administration of Initial Public Offerings of Shares and the Listing Thereof on the Growth Enterprise Market

  中国证券监督管理委员会首次公开发行股票并在创业板上市管理暂行办法

  Entry to China's Gem requires at least Rmb20 million of net assets.

  April 16, 2009

• Ministry of Commerce, Measures for the Administration of Outbound Investment

  商务部境外投资管理办法

  Mofcom makes approvals for outbound investment faster and smoother.

  April 16, 2009

• Investment advisers' role in private equity investment trusts

  Tomy Xia and Kelly XiLlinks Law [email protected], [email protected] to systems and mechanisms, it is difficult for trust companies…

  April 16, 2009

• PRC Criminal Law Amendment Act (7)

  中华人民共和国刑法修正案 (七)

  Tougher penalties for insider dealing.

  April 16, 2009

• Ministry of Commerce, Circular on Delegating to Lower-level Authorities the Authority to Examine and Approve the Investment in, and Establishment of, Companies with an Investment Nature by Foreign Investors

  商务部关于下放外商投资举办投资性公司审批权限的通知

  Mofcom hands down more approval authority.

  April 16, 2009

• State-owned Assets Supervision and Administration Commission of the State Council, Circular on Further Strengthening the Regulation of Financial Derivatives Transactions of Centrally-governed Enterprises

  国务院国有资产监督管理委员会关于进一步加强中央企业金融衍生业务监管的通知

  Centrally-governed enterprises may only trade derivatives for hedging.

  April 16, 2009

• Bank lockup period extended to five years

  Written regulations are unlikely

  April 16, 2009