Legislation

including excerpts of the Explanation of the PRC Foreign Investment Law (Draft for Comments) on VIEs

Parallel import of motor vehicles allowed in the Shanghai Free Trade Zone.

The criteria for setting up branches are lowered for foreign banks.

Issued: December 31 2014Main contents: The Draft specifies that if the number of persons whose employment contracts an enterprise is to terminate subsequent…

Issued: January 19 2014 Main contents: Pursuant to the Draft, an enterprise in China controlled by a foreign investor is treated as a foreign investor,…

Banking Measures for the Anti-money LaunderingOversight of Financial Institutions (Trial Implementation) 金融机构反洗钱监督管理办法 (试行)…

SAT clarifies individual income tax levy on equity transfers.

CMAC allows the use of arbitration rules of another arbitration tribunal.

China establishes three more free trade zones in Guangdong, Tianjin and Fujian.