March 31, 2004
The revised Provisions add one more section on recognition of a company with an investment nature by foreign investors as a regional headquarters.
National LegislationBankingMonitoring and Review of Bad Assets of Commercial Banks Tentative Procedures 商业银行不良资产监测和考核暂行办法L3610/04.03.25Administration…
While prohibited to make bad debt provisions, foreign telecom operators may now treat customers' bill overdue for a year or more as bad debt.
Protection of private property and human rights are now officially enshrined in the PRC Constitution.
Measures for the protection of workers and formal requirements for employment contracts.
The differing characterization of retained earnings as equity assignment income or dividend income, in situations as company stock transfer, liquidation and assignment of subsidiary.
Transfer of PRC treasury bonds held by the same client among different custodian institutions.
Provides for foreign investment and participation in the PRC advertising market.
Clarification for the investment banking qualificaiton for the registration of sponsor representative.
Producers now has to bear the burdens for the tax portion that is not refunded.