Legislation

Issued: September 11 2013 Main contents: The Draft specifies that a business operator is prohibited from carrying out seven types of acts of unfair…

Repetitive patent infringement could be fined up to Rmb200,000 in Beijing.

Foreign investment in entertainment equipment production allowed in the free trade zone.

Chinese-invested foreign-flagged oceangoing vessels allowed to transport in Shanghai coastal area.

Registration of subscribed for registered capital to be implemented on a trial basis in the free trade zone.

Private capital encouraged to set up joint venture banks with foreign investors in the free trade zone.

The Zone selects the financial services, shipping services, trade services, professional services, cultural services and social services sectors for increased liberalisation.

CSRC requires self-verification reports when approving re-financing applications from property enterprises.

SAT clarifies steps for Hong Kong tax-residents to avoid double taxation.