Legal

The People's Bank of China (PBOC) recently issued regulations that partly liberalize the set up of new bank sub-branches and cash points by commercial banks.

Accounting procedures for capital verification of foreign investments enterprises.

Prohibits reserves, funds or future expenses withdrawal (except for bad debt) for taxation purposes.

Forum for foreign civil commercial cases.

Display of licence information at the venue of providing services and on tools and commercial documents.

Combat the advertising activities of non-compliant real property projects.

Issued: January 18 2002Main contents: The Reply stipulates that where branch companies of foreign investment enterprises do not complete the procedures…

China's recent entry into the WTO raises the essential question of what has driven reforms.

Determination of consumption tax rate on beer.