Legal

• China's Foreign Venture Capital Law: How Far From Customary International Fund Practice?

  The Chinese government has for a number of years recognized the desirability of attracting foreign investment into start-up private businesses in China…

  October 02, 2001

• Slow Train Coming: New Draft Regulations on Franchising

  Draft Franchise Regulations offer a glimpse of things to come for foreign frachisors. Though the Draft Franchise Regulations offer more details about franchise…

  October 02, 2001

• Shanghai Municipality Convergence of Commodity Residential Premises for Domestic Buyers and Commodity Residential Premises for Foreign Buyers Several Opinions

  上海市关于本市内外销商品住房并轨的若干意见

  Issued: June 25 2001Main contents: The Opinions propose to eliminate the differences between commodity residential premises for domestic buyers and foreign…

  September 02, 2001

• Shanghai Municipality Granting of Leaseholds by Invitation for Bids and Auction Trial Measures

  上海市土地使用权出让招标拍卖试行办法

  Promulgated: July 26 2001Interpreting authority: Shanghai Municipal Bureau of Housing, Land and Resources AdministrationMain contents: The Measures provide…

  September 02, 2001

• Other Recent Legislation for this Month

  National LegislationAviation and AerospacePRC, Basic Aviation Rules (Revised), 中华人民共和国飞行基本规则（修订）L4700/01.07.27BankingRegulating…

  September 02, 2001

• State Administration of Foreign Exchange, Question Concerning Advance Purchase of Foreign Exchange for Guarantee Deposits under Letters of Credit/Letters of Guarantee Official Reply

  国家外汇管理局关于信用证∕保函项下保证金提前购汇问题的批复

  Issued: March 27 2001Effective: upon receipt of the Official ReplyMain contents: The Official Reply stipulates that domestic organizations can pay guarantee…

  September 02, 2001

• General Affairs Department of State Administration of Foreign Exchange, Question Concerning Provision of Security for Renminbi Loans Granted by Wholly Foreign-owned Banks Inside China Reply

  国家外汇管理局综合司关于为境内外资银行人民币贷款提供担保问题的复函

  Issued: June 8 2001Main contents: The Reply states that the issue of Renminbi loans to domestic organizations by approved wholly foreign-owned banks in…

  September 02, 2001

• Telecommunications Regulatory Bureau of Ministry of Information Industry, Administration of Sampling for Telecommunications Equipment Network Connection Testing Provisions

  信息产业部电信管理局电信设备进网检测取样管理规定

  Promulgated: June 25 2001Applicability: The Provisions apply to the sampling and sample delivery procedures when undertaking telecommunications equipment…

  September 02, 2001

• State Administration of Taxation, Adjusting the Standards for Pre-tax Deduction of Advertising Expenses from Income Tax of Certain Industries Circular

  国家税务总局关于调整部分行业广告费用所得税前扣除标准的通知

  Issued: August 5 2001Main contents: According to the Circular, as of January 1 2001 enterprises in industries such as pharmaceuticals, food, communications,…

  September 02, 2001

• Ministry of Information Industry, Questions Relevant to the Establishment of Domestic Joint Ventures to Operate Telecommunications Business by Telecommunications Business Operators Circular

  信息产业部关于电信业务经营者组建内资合资公司经营电信业务有关问题的通知

  Issued: July 26 2001Main contents: The Circular is aimed at regulating telecommunications business operators who establish purely domestic joint ventures…

  September 02, 2001