Legal

• Prospects for a Personal Information Protection Law

  Recently, there has been discussion of a possible law on personal information protection in China. What would it mean for companies doing business in China?

  September 01, 2007

• Other Recent Legislation for this Month

  National LegislationBANKINGMeasures for the Administration of the Report of Transactions Suspicious of Terrorist Financing by Financial Institutions金融机构报告涉嫌恐怖融资的可疑交易管理办法L3610/07.06.11Measures…

  July 02, 2007

• Yuan Tai

  Shanghai-based PRC firm Yuan Tai has appointed Hubert Tse, formerly of Chen & Co., as managing director and head of the firm's international business group.…

  July 02, 2007

• Ministry of Finance and State Administration of Taxation, Circular on Revision of the Stamp Duty Rate for Securities (Stock) Transactions

  财政部、国家税务总局关于调整证券(股票)交易印花税税率的通知

  Stamp duty reduced to curb securities speculation.

  July 02, 2007

• PRC Individual Income Tax Law (4th Revision)

  中华人民共和国个人所得税法 (第四次修正)

  Tax law revised to allow reduction and waiving of tax on savings interest.

  July 02, 2007

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

  财政部、国家税务总局关于调低部分商品出口退税率的通知

  Export tax rebate rate for garments dropped to 11%.

  July 02, 2007

• Ministry of Finance and China Securities Regulatory Commission, Circular on Issues Relevant to the Engagement in Securities- and Futures-related Businesses by Accounting Firms

  财政部、中国证券监督管理委员会关于会计师事务所从事证券、期货相关业务

  Requirements on accounting firms engaging in securities- and futures-related businesses imposed.

  July 02, 2007

• State-owned Assets Supervision and Administration Commission of the State Council and China Securities Regulatory Commission, Tentative Measures for the Administration of the Transfer of Shares of Listed Companies Held by State-owned Shareholders

  国务院国有资产监督管理委员会、中国证券监督管理委员会国有股东转让所持上市公司股份管理暂行办法

  Shares of listed companies held by state-owned shareholders transferred according to the market price.

  July 02, 2007

• State-owned Assets Supervision and Administration Commission of the State Council, Tentative Provisions for the Administration of the Acquisition of Shares of Listed Companies by State-owned Work Units

  国务院国有资产监督管理委员会国有单位受让上市公司股份管理暂行规定

  First provisions on the acquisition of shares of listed companies by state-owned entities.

  July 02, 2007

• Ministry of Commerce and State Administration of Foreign Exchange, Circular on Further Strengthening and Standardizing the Examination, Approval and Regulation of Direct Investment in Real Property by Foreign Investors

  商务部、国家外汇管理局关于进一步加强、规范外商直接投资房地产业审批和监管的通知

  Possession of the leasehold or property ownership is required before establishing a foreign-invested real property company.

  July 02, 2007