Legislation

• Beijing Municipality, Measures for Monitoring the Proceeds from Pre-sale of Commercial Residential Premises

  北京市商品房预售资金监督管理办法

  Deposits monitored as part of the proceeds from pre-sale of commercial residential premises.

  July 16, 2013

• Ministry of Finance and State Administration of Taxation, Circular on the Launch of Pilot Tax Policies for the Levy of Value-added Tax in Place of Business Tax in the Transport Industry and Certain Modern Service Industries Nationwide

  财政部、国家税务总局关于在全国开展交通运输业和部分现代服务业营业税改征增值税试点税收政策的通知

  VAT reform expanded to the whole of China.

  July 16, 2013

• Mainland China and Taiwan, Cross-strait Agreement on Trade in Services

  中国大陆、台湾海峡两岸服务贸易协议

  Taiwanese financial institutions may also invest in the mainland capital markets through the RQFII scheme.

  July 16, 2013

• Ministry of Civil Affairs, Measures for the Permission to Establish Elderly Nursing Homes

  民政部养老机构设立许可办法

  Foreign organisations and individuals may set up elderly nursing homes.

  July 16, 2013

• China Securities Regulatory Commission and China Insurance Regulatory Commission, Tentative Provisions for the Administration of the Sale of Securities Investment Funds by Insurance Institutions

  中国证券监督管理委员会、中国保险监督管理委员会保险机构销售证券投资基金管理暂行规定

  Insurance institutions allowed to sell securities funds.

  July 16, 2013

• General Office of the National Development and Reform Commission, Circular on Further Improving the Review of Enterprise Bond Offerings

  国家发展改革委办公厅关于进一步改进企业债券发行审核工作的通知

  NDRC streamlines enterprise bond offerings review.

  July 16, 2013

• China Securities Regulatory Commission, Implementing Rules for the Pooled Asset Management Business of Securities Companies (Revised)

  中国证券监督管理委员会证券公司集合资产管理业务实施细则 (修订)

  Pooled asset management business of securities companies restricted to private funds only.

  July 16, 2013

• China Securities Regulatory Commission, Measures for Administration of the Client Asset Management Business of Securities Companies (Revised)

  中国证券监督管理委员会证券公司客户资产管理业务管理办法 (修订)

  Client asset management business of securities companies restricted to private funds only.

  July 16, 2013

• China Insurance Regulatory Commission, Measures for the Administration of the Scopes of Business of Insurance Companies by Level

  中国保险监督管理委员会保险公司业务范围分级管理办法

  Only certain insurance companies are allowed to engage in non-basic businesses.

  July 16, 2013

• State Council, Decision on the Abolition and Delegation to Lower Level Authorities of a Group of Items Subject to Administrative Examination and Approval and Other Such Matters

  国务院关于取消和下放一批行政审批项目等事项的决定

  State Council abolishes the approval requirements for some energy projects.

  July 16, 2013