Legal

• Department of Public Offering Supervision of the China Securities Regulatory Commission, Standards for Examination and Verification of Share Issues Memorandum (No. 16): Examination and Verification Requirements for Special Item Review of Companies Initially Offering Shares to the Public

  中国证监会发行监管部股票发行审核标准备忘录第16号–首次公开发行股票的公司专项复核的审核要求

  Issued: February 28 2003Main contents: If the China Securities Regulatory Commission (CSRC), in its examining the initial public offering application documents,…

  June 02, 2003

• The Chinese Institute of Certified Public Accountants, Chinese Certified Public Accountants Practice Standard Guidelines No.5 - Audit Reports (Trial Implementation)

  中国注册会计师协会中国注册会计师执业规范指南第5号﹣审计报告 (试行)

  Issued: May 13 2003Effective: July 1 2003Main contents: The Guidelines describe each major element (e.g. opening paragraph, opinion paragraph) of an audit…

  June 02, 2003

• Ministry of Finance, Specific Independent Audit Guidelines (No.7): Audit Reports (Revised)

  财政部独立审计具体准则第7号﹣审计报告 (修订)

  Issued: April 14 2003Effective: July 1 2003Main contents: The revised Guidelines now require an audit report to include an introductory paragraph and the…

  June 02, 2003

• Ministry of Finance, Enterprise Accounting Guidelines - Events After the Balance Sheet Date (Revised)

  财政部企业会计准则﹣资产负债表日后事项 (修订)

  Issued: January 14 2003Effective: July 1 2003Main contents: When defining the term "events after the balance sheet date", the revised Guidelines make it…

  June 02, 2003

• Supreme People's Court, Several Issues Concerning the Application of Law to Trial of Disputes over Commodity Premises Sales and Purchase Contracts Interpretation

  最高人民法院关于审理商品房买卖合同纠纷案件适用法律若干问题的解释

  Promulgated: April 28 2003Effective: June 1 2003Main contents: The Interpretation defines when commodity premises sales advertisements and promotional…

  June 02, 2003

• State Administration of Taxation, Income Tax Issues that Need to be Clarified in Relation to the Implementation of the «Enterprise Accounting System» Circular

  国家税务总局关于执行《企业会计制度》需要明确的有关所得税问题的通知

  Issued: April 24 2003Effective: January 1 2003Main contents: An enterprise's expenses on loans for external investment that are in compliance with relevant…

  June 02, 2003

• State Administration of Taxation, Several Specific Issues Concerning Implementation of the «PRC Administration of the Levy and Collection of Taxes Law» and its Implementing Rules Circular

  国家税务总局关于贯彻《中华人民共和国税收征收管理法》及其实施细则若干具体问题的通知

  Issued: April 23 2003Main contents: The Circular clarifies 16 issues regarding the provisions of the PRC Administration of the Levy and Collection of Taxes…

  June 02, 2003

• Shenzhen City, Encouraging the Development of Incubators for Science and Technology Enterprises Several Provisions

  深圳市鼓励科技企业孵化器发展的若干规定

  Issued: April 10 2003Effective: as of date of issueMain contents: "Incubators for science and technology enterprises" refers to the provision of systematic…

  June 02, 2003

• State Administration for Industry and Commerce, The Question on the Determination of Nature and the Handling of Acts of Using, Without Authorization, the Unique Packaging and Trade Dress of Others' Famous Products for Identical or Similar Purposes and Obtaining the Design Patent Official Reply

  国家工商行政管理总局关于擅自将他人知名商品特有的包装、装潢作相同或者近似使用并取得外观设计专利的行为定性处理问题的答复

  Issued: March 27 2003Main contents: The Official Reply clarifies that if an operator, without authorization, uses the unique packaging and trade dress…

  June 02, 2003

• Payment Schedules in Acquisitions: Contractual or Statutory?

  An increasing number of foreign investors now make investments in China by acquiring an equity interest in existing enterprises. The government has encouraged…

  June 02, 2003