Legal

• State Administration of Foreign Exchange, Circular on Issues Relevant to Relaxation on the Retaining of Foreign Exchange Revenue from Current Account Items of Domestic Organizations

  国家外汇管理局关于放宽境内机构保留经常项目外汇收入有关问题的通知

  Issued: August 2 2005Effective: as of date of issueApplicability: In the case of a conflict between previous provisions and this Circular, this Circular…

  September 02, 2005

• State Administration of Taxation, Circular on Several Issues Concerning the Crediting of Purchases of Domestically Produced Equipment as Investments by Foreign-invested Enterprises and Foreign Enterprises Against Enterprise Income Tax

  国家税务总局关于外商投资企业和外国企业购买国产设备投资抵免企业所得税若干问题的通知

  Issued: May 20 2005Main contents: The Circular clarifies several issues concerning the implementation of the Circular on Questions Relevant to Crediting…

  September 02, 2005

• Circular on Issues Relevant to Registration Regarding Offshore Investments of Individual Domestic Residents and Foreign Exchange Registration in Respect of Mergers and Acquisitions by Foreign Investors

  关于境内居民个人境外投资登记及外资并购外汇登记有关问题的通知

  This Circular aims to discourage the withdrawal of venture capital investments, and to ensure lawful and orderly cross border capital flows.

  September 02, 2005

• The Securities Association of China, Circular on Issues Relevant to Sponsors Engaging in Cases of Reform Regarding Separation of Equity Ownership and Trading Rights

  中国证券业协会关于保荐机构从事股权分置改革业务有关问题的通知

  Issued: July 15 2005Effective: as of date of issueMain contents: The Circular requires a sponsor to carry out due diligence review and verification on…

  September 02, 2005

• China Securities Regulatory Commission, Circular on Issues Relevant to Investment of Securities Investment Funds in Warrants in the Reform Regarding the Separation of Equity Ownership and Trading Rights

  中国证券监督管理委员会关于股权分置改革中证券投资基金投资权证有关问题的通知

  Issued: August 15 2005Main contents: The Circular states that securities investment funds (Funds) may hold warrants passively obtained in the reform regarding…

  September 02, 2005

• State Administration of Taxation, Circular on Issues Relevant to the Administration of Exemption of Business Tax on Revenue Derived from Technology Transfers from Foreign Enterprises and Foreign Individuals to Entities inside China after the Cancellation of Administrative Examination and Approval in Respect of Taxation

  国家税务总局关于取消税务行政审批后外国企业及外籍个人向中国境内转让技术取得收入免征营业税管理问题的通知

  Issued: June 23 2005Applicability: The phrase "cases whose examination and approval has not yet been completed" refers to applications for tax reduction…

  September 02, 2005

• Beijing Municipality, Measures for Grant of State-owned Leaseholds by Invitation for Bids, Auctions and Listing

  北京市出让国有土地使用权招标拍卖挂牌办法

  Promulgated: April 30 2005Effective: May 1 2005Applicability: This Circular applies to the grant of state-owned leaseholds within the administrative jurisdiction…

  September 02, 2005

• The Successful Structuring of Foreign Direct Investment Deals in China: Assets or Equity?

  Regulatory advances in the country are making it possible for foreign investors to structure their investments in increasingly sophisticated ways, thereby helping minimize risks.

  September 02, 2005

• Circular on Several Issues Concerning the Crediting of Purchases of Domestically Produced Equipment as Investments by Foreign-invested Enterprises and Foreign Enterprises Against Enterprise Income Tax

  关于外商投资企业和外国企业购买国产设备投资抵免企业所得税若干问题的通知

  This Circular is concerned with purchases of production lines and integration equipments, equipments that are assembled by imported material and parts, and domestically produced equipments.

  September 02, 2005

• Cause for Complications: State-owned Assets In M&A Deals

  By Beth Bunnell and George WangWebsite: www.jonesday.comTransactions involving state-owned assets (SOAs) in China have long been subject to requirements…

  September 02, 2005