Legal

China once welcomed foreign exchange inflows; now, hot money is threatening its developing economy. To control the flow of trade funds, the regulator has set requirements for compliance with rules on advance payments and deferred receipt of payments. The new rules could lead to tax losses and fines for exporters. By David Wang, Chris Yang and Chris Chen, Broad & Bright Shanghai Office.

Calculation of business turnover for business tax purposes revised.

A new Circular makes it easier for foreign investors to get approval for the conversion of their unlisted shares into B-shares. This may finally render non-listed foreign-investment shares in these issuers obsolete. By Heiner Braun and Miles Ma, Freshfields Bruckhaus Deringer, Shanghai.

The Provisions allow securities companies to engage in margin trading and short sale of securities.

The Circular elaborates matters concerning the Provisions for the Administration of the Solvency of Insurance Companies.

The Citelum Group, a subsidiary of Veolia Environment and EDF, has won a place in a unique public private partnership managing urban lighting in Kunming,…

Vsevolod Markov and Karlygash BissengaliyevaMcGuire [email protected], [email protected] 2000, Kazakhstan has been making…

More local governments to take similar protective measures

New sectors are expected to open in 2009