Legal

A new tax circular bolsters the administration on representative offices. This will ensure greater tax compliance and shake them out of complacency

A new tax circular bolsters the administration on representative offices. This will ensure greater tax compliance and shake them out of complacency

CBRC sets out certeria criteria for a commercial bank to take an equity interest in an insurance company.

National legislation AccountingImplementing Regulations for the PRC Audit Law (Revised)中华人民共和国审计法实施条例 (修订)L3120/10.02.11 Regional…

Accounting treatment of hybrid insurance contracts clarified.

More certainty for parties using the ICC.

Banks required to conduct due diligence investigation on the underlying assets of securitisation.

CBRC requires banks to disclose capital adequacy ratio in line with Basel requirements.

Although the implementation and enforcement of the PRC Anti-monopoly Law (中华人民共和国反垄断法) (AML) has been relatively smooth, concerns…