Legislation

• Guangdong Province, Regulations for Monitoring Labour Protection

  广东省劳动保障监察条例

  Employers violating labour protection regulations will have difficulties borrowing loans from banks.

  January 10, 2013

• State Administration of Taxation, Announcement on Relevant Consumption Tax Policy Issues

  国家税务总局关于消费税有关政策问题的公告

  Industrial enterprises may be subject to consumption tax.

  January 10, 2013

• Standing Committee of the National People's Congress, Decision on Strengthening the Protection of Online Information

  全国人民代表大会常务委员会关于加强网络信息保护的决定

  Companies prohibited from sending spam email.

  January 10, 2013

• Supreme People's Court, Provisions on Several Issues Concerning the Application of the Law in Trials of Civil Disputes Involving the Infringement of the Right of Communication Through Information Networks

  最高人民法院关于审理侵害信息网络传播权民事纠纷案件适用法律若干问题的规定

  Network service providers may be held liable for illegal uploads.

  January 10, 2013

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

  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

  Scope of investment of pooled asset management plans of securities companies expanded.

  January 10, 2013

• China Securities Regulatory Commission, Provisions for the Administration of the Subordinated Obligations of Securities Companies

  中国证券监督管理委员会证券公司次级债管理规定

  Requirements on issuance of subordinated obligations lowered to decrease the cost of financing for securities companies.

  January 10, 2013

• Organisation Department of the Central Committee of the Communist Party of China, Ministry of Human Resources and Social Security and Other Three Departments, Circular on Issues Relevant to Facilitating Visa Issuance and Residence Procedures for Foreign Senior Skilled Personnel Coming to China

  中共中央组织部、人力资源社会保障部等五部门关于为外籍高层次人才来华提供签证及居留便利有关问题的通知

  Five-year multiple entry visas offered to foreign talents.

  January 10, 2013

• Supreme People's Procuratorate, Rules for the Criminal Procedure of People's Procuratorates (Trial Implementation)

  最高人民检察院人民检察院刑事诉讼规则 (试行)

  Crime of particularly serious bribery defined.

  January 10, 2013

• Ministry of Finance, Explanations of Enterprise Accounting Guidelines No.5

  财政部企业会计准则解释第5号

  Identification of intangible assets clarified for mergers of enterprises not under the same control

  January 10, 2013

• Circular on Further Improving and Revising the Foreign Exchange Control Policy on Direct Investment

  关于进一步改进和调整直接投资外汇管理政策的通知

  The Circular cancels the approval requirements relating to foreign direct investment for opening of foreign exchange accounts, deposits into relevant accounts, purchase of foreign exchange for overseas payment and foreign exchange transfers within China.

  January 10, 2013