Legal

• China Banking Regulatory Commission, Operational Guidelines for the Private Equity Investment Trust Business of Trust Companies

  中国银行业监督管理委员会信托公司私人股权投资信托业务操作指引

  Clearer procedures for private equity investment through trust companies.

  November 10, 2008

• Ministry of Commerce, Circular on Delegating Matters Concerning the Examination and Approval of Foreign-invested Commercial Enterprises

  商务部关于下放外商投资商业企业审批事项的通知

  Approval procedures for commercial FIEs streamlined.

  November 10, 2008

• China Insurance Regulatory Commission, Reply on the Issue of Delimiting the Scope of Affiliated Transactions of Foreign-invested Insurance Companies

  中国保险监督管理委员会关于外资保险公司关联交易范围界定问题的复函

  Affiliated transactions of insurance FIEs defined.

  November 10, 2008

• Ministry of Finance and State Administration of Taxation, Circular on Raising the Export Tax Rebate Rates on Certain Commodities

  财政部、国家税务总局关于提高部分商品出口退税率的通知

  Export tax rebate rate lowered for textile products.

  November 10, 2008

• Ministry of Finance, Opinion on Issues Concerning the Levy of Place Use Fees on Foreign-invested Enterprises

  财政部关于外商投资企业场地使用费征收问题的意见

  Opinion issued to clarify under which circumstances an FIE is required to pay a place use fee.

  November 10, 2008

• People's Bank of China, Extending the Downward Movement of Interest Rates for Loans for Residential Premises of a Commercial Nature for Individuals in Support of First-time Purchase of Ordinary Residential Premises by Residents

  中国人民银行扩大商业性个人住房贷款利率下浮幅度支持居民首次购买普通住房

  China revitalises its property market to increase domestic demand in view of the financial crisis.

  November 10, 2008

• Shanghai Stock Exchange, Circular on Amending Article 7 of the «Guidelines for the Increase of Shareholding by Shareholders of Listed Companies and their Persons Acting in Concert»

  上海证券交易关于修订《上市公司股东及其一致行动人增持股份行为指引》第七条的通知

  Procedural obstacle cleared for increase of shareholding through Shanghai Stock Exchange.

  November 10, 2008

• China Securities Regulatory Commission, Trial Provisions for the Issuance of Exchangeable Bonds by Shareholders of Listed Companies

  中国证券监督管理委员会上市公司股东发行可交换公司债券试行规定

  Exchangeable bonds issued to solve problems of unloading non-tradable shares.

  November 10, 2008

• Ministry of Commerce, Circular on Delegating Matters Concerning the Changes to, and Examination and Approval of, Foreign-invested Companies Limited by Shares and Enterprises

  商务部关于下放外商投资股份公司、企业变更、审批事项的通知

  MOFCOM delegates its FIE approval power to lower level departments.

  November 10, 2008

• Circular on Delegating Matters Concerning the Examination and Approval of Foreign-invested Commercial Enterprises

  关于下放外商投资商业企业审批事项的通知

  The Circular states that, with certain exceptions, the investment in and establishment of commercial enterprises by foreign investors shall be subject to the examination of the provincial-level departments in charge of commerce.

  November 10, 2008