Legal

Time limits for depreciation of telecommunications equipment adjusted.

Tax policy on sale-leaseback transactions by foreign-invested real property developers clarified.

The nation's long-awaited, much-debated and controversial new law on employment contracts was promulgated on June 29 2007 (see our translation on p. 30…

The CIRC reinforces contingency administration of major unexpected events in insurance asset management.

Income from the processing and sale of natural gas entitled to preferential tax treatment.

New employment contract law imposes greater requirements on employers.

Accounting firms face stringent tort liability when conducting audits.

New measures to open up the lease financing sector to foreign investment

Financial institutions required to check customer identity to prevent money laundering.