Legal

• China Securities Regulatory Commission, Guiding Opinion on the Transfer of Existing Shares of Listed Companies that are Freed from Sale Restrictions

  中国证券监督管理委员会上市公司解除限售存量股份转让指导意见

  Locked-up shares from the share reform released.

  May 08, 2008

• State Administration of Taxation, Circular on the Handling of Relevant Matters Following the Abolition of Several Preferential Tax Policies Previously Available to Foreign-invested Enterprises and Foreign Enterprises

  国家税务总局关于外商投资企业和外国企业原有若干税收优惠政策取消后有关事项处理的通知

  Tax refund policy for reinvestments by foreign investors clarified.

  May 08, 2008

• GEM TO PROVIDE NEW CHANNEL TO RAISE CAPITAL

  When the China Securities Regulatory Commission [CSRC] recently released the Draft Measures on Administration of Initial Public Offering and Listing on…

  May 08, 2008

• China Securities Regulatory Commission Notice [2008] No.10 - Provisions for the Administration of Chief Risk Officers of Futures Companies (Trial Implementation)

  中国证券监督管理委员会公告[2008]10号 - 期货公司首席风险官管理规定(试行)

  CSRC requires a chief risk officer in futures companies.

  May 08, 2008

• STATE COUNCIL TAKES STEPS TO REFORM CAPITAL MARKET

  The executive meeting of the State Council has approved a draft regulation on Supervision and Administration of Securities Company.“Based on the reform…

  May 08, 2008

• General Administration of Customs, PRC Customs Measures for the Administration of Centralized Customs Declaration of Imports and Exports

  中华人民共和国海关进出口货物集中申报管理办法

  Simplified customs procedures for time sensitive, dangerous and low-risk goods.

  May 08, 2008

• Guangzhou City, Circular on the Revision of the Minimum Wage Standard for Enterprise Staff and Workers in the City

  广州市关于调整我市企业职工最低工资标准的通知

  Guangzhou raises the minimum wage standard.

  May 08, 2008

• State Administration of Foreign Exchange and State Administration of Taxation, Circular on Issues Relevant to the Trial Implementation of Tax Filing for Outbound Payments of Trade in Services

  国家外汇管理局、国家税务总局关于试行服务贸易对外支付税务备案有关问题的通知

  Advance tax filing for the service industry implemented in six places for trial.

  May 08, 2008

• General Office of the China Banking Regulatory Commission, Circular on Issues Relevant to Further Regulating the Personal Financial Management Business of Commercial Banks

  中国银行业监督管理委员会办公厅关于进一步规范商业银行个人理财业务有关问题的通知

  CBRC puts a halt to commercial banks' selling of products linked to overseas funds.

  May 08, 2008

• Ministry of Construction, Housing Registration Measures

  建设部房屋登记办法

  Housing registration to protect purchasers of pre-sold housing premises.

  May 08, 2008