Legal

By Jerry Yulin [email protected]: www.haiwen-law.comOn May 18 2006, the State Council issued the Regulations for the Protection of…

China's first lawsuit for sending unsolicited mobile phone text messages was filed against Jiangsu Unicom (JU), one of China's three largest telecommunications…

By the end of 2006, pursuant to its agreement with the World Trade Organization, China will allow foreign companies into the business of distributing petrol…

This Circular provides implementing procedures to the earlier issued Tentative Measures for the Administration of Overseas Financial Management Services Offered by Commercial Banks on Behalf of Customers.

Prohibits direct offshore ownership structure, guaranteed fixed returns for foreign-invested real estate enterprise, and heightens scrutiny in the area of equity interests transfer and merger & acquisition in real estate-related industry.

Issued: May 30 2006Main contents: For re-import in the form of general trade of exported products whose country of origin is China, all local departments…

After the third revision to PRC Individual Income Tax Law taxable income is now the monthly income less a deduction of Rmb1,600 for expenses.

The Supplementary Provisions relaxes pre-requisite for foreign investment in the PRC, eligibility of investment companies being recognized as regional headquarters and foreign exchange control procedures.

The New Opinions on Foreign Investment in China Real Estate represents the PRC government's concern and determination to cool down an overheated real estate market.