The China International Economic and Trade Arbitration Commission (CIETAC) has become one of the busiest arbitration centres in the world. Along with its heavy caseload have come questions about CIETAC's impartiality. How accurate are the allegations?
Joint venture trading companies are now allowed on a wider scale. Trading companies can now be set up anywhere in China, the registered capital requirements and requirements for investors are less restrictive than in previous regulations, and the scope of business is wider.
Foreign enterprises in the PRC are required to pay value-added tax, business tax and enterprise income tax on the revenue from disposing Chinese financial assets.
Joint venture trading companies are now allowed on a wider scale. Trading companies can now be set up anywhere in China, the start up requirements are less restrictive, and the scope of business is wider.
Promulgated: January 8 2003Effective: March 1 2003Interpreting authority: State Economic and Trade CommissionApplicability: These Measures apply to the…
Issued: January 16 2003Effective: as of date of issueMain contents: Exploration rights and mining rights may be granted by the authority in charge of registration…
The PRC's new Foreign Debt Administration Tentative Procedures set out tighter foreign debt registration requirements, while collecting and putting a high-level government imprimatur on various policies and practices.
Promulgated: December 6 2002Effective: February 1 2003Main contents: The Regulations cover such contents as electronic signatures and electronic records,…
Issued: September 17 2002Applicability: For the purposes of this Opinion, "State-owned high and new technology enterprises" refers to wholly State-owned…
Promulgated: February 11 2003Effective: March 15 2003Applicability: These Measures apply to pledging of rights to fees or proceeds in connection with the…