Legal

• Beijing Municipality, Circular on the Revision of the Minimum Wage Standard in Beijing for 2008

  北京市关于调整北京市2008年最低工资标准的通知

  Minimum wage in Beijing raised.

  September 10, 2008

• Shanghai Municipality, Provisions on Encouraging the Establishment of Regional Headquarters by Multinational Corporations

  上海市鼓励跨国公司设立地区总部的规定

  More favourable policies to attract regional headquarters in Shanghai.

  September 10, 2008

• State Administration of Taxation, Official Reply on Issues Relevant to the Levy of Individual Income Tax on Conditional Agreements Between Individuals and Real Property Developers on Purchase of Shop Premises at a Preferential Price

  国家税务总局关于个人与房地产开发企业签订有条件优惠价格协议购买商店征收个人所得税问题的批复

  Individuals to pay tax for favourable property deals.

  September 10, 2008

• China Securities Regulatory Commission, Measures for the Administration of Financial Consultancy Services for Mergers, Acquisitions and Reorganisations of Listed Companies

  中国证券监督管理委员会上市公司并购重组财务顾问业务管理办法

  CSRC takes steps to improve the standard of financial consultants.

  September 10, 2008

• Provisions on the Reporting Threshold for Concentrations of Business Operators

  关于经营者集中申报标准的规定

  The Provisions define the threshold at which a concentration of business operators shall be reported to the State Council's department in charge of commerce.

  September 10, 2008

• Govt drafts rules to regulate banks and insurers

  Lawyers are expecting draft legislation to further regulate investment between banks and insurers, as the cooperation between the two industries has started…

  September 10, 2008

• Department of Public Offering Supervision of the China Securities Regulatory Commission, Circular on Adjusting the Time of Advance Disclosure

  中国证券监督管理委员会发行监管部关于调整预先披露时间的通知

  Earlier advance disclosure of IPOs.

  September 10, 2008

• National Development and Reform Commission, Circular on Further Strengthening and Regulating the Administration of Foreign-invested Projects

  国家发展改革委关于进一步加强和规范外商投资项目管理的通知

  Cautious approval of FIE projects to stop irregular inflow of capital.

  September 10, 2008

• Guangdong Province, Guiding Opinion on Several Issues Concerning the Application of the «Law on the Mediation and Arbitration of Employment Disputes» and the «Employment Contract Law»

  广东省高级人民法院 广东省劳动争议仲裁委员会关于适用《劳动争议调解仲裁法》、《劳动合同法》若干问题的指导意见

  Guangdong clarifies issues arising from the Employment Contract Law.

  September 10, 2008

• China Law & Practice Awards 2008 – The Finalists

  China's legal market continues to attract high-end, complicated and multi jurisdictional work and in Beijing this month, the China Law & Practice awards will reflect the complexities and challenges. Chris Bisogni and Joanna Law provide a summary of the deals and firms that made the 2008 shortlist.

  September 10, 2008