Legislation

• China Securities Finance Corporation Limited, Implementing Rules for the Administration of the Margins of the Re-lending Business (Trial Implementation)

  中国证券金融股份有限公司转融通业务保证金管理实施细则 (试行)

  The maximum translation rate for stocks underlying margin trading or short sale of securities shall not exceed 65%.

  September 11, 2012

• Shenzhen Stock Exchange, Implementing Measures for Securities Lending Transactions of the Re-lending Business (Trial Implementation)

  深圳证券交易所转融通证券出借交易实施办法 (试行)

  Shenzhen Stock Exchange serves as the platform for margin trading and short sale of securities.

  September 11, 2012

• Ministry of Finance and State Administration of Taxation, Circular on the Launch of Pilot Projects for the Levy of Value-added Tax in Place of Business Tax in the Transport Industry and Certain Modern Service Industries in Eight Provinces and Cities including Beijing

  财政部、国家税务总局关于在北京等8省市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的通知

  VAT reform extended to eight more provinces and cities.

  September 11, 2012

• Measures for the Administration of Prioritised Examination of Invention Patent Applications

  发明专利申请优先审查管理办法

  SIPO offers prioritised examination of invention patent applications involving energy conservation, new energy, alternative energy vehicles and low carbon technology.

  September 11, 2012

• PRC Exit-entry Administration Law

  中华人民共和国出境入境管理法

  When the Law comes into effect on July 1 2013, the work-type residence permits of foreigners will be valid from 90 days to five years while the non-work-type residence permits will be valid from 180 days to five years.

  September 11, 2012

• Other Recent Legislation This Month

  National legislation IndustriesConditions for Entry into the Wine Industry 葡萄酒行业准入条件 L5700/12.05.29 Trial Measures for Oversight of the…

  July 12, 2012

• State Council, Special Provisions for the Work Protection of Female Employees

  国务院女职工劳动保护特别规定

  Maternity leave for female workers extended from 90 to 98 days.

  July 12, 2012

• China Insurance Regulatory Commission, Circular on Further Regulating Access to the Insurance Intermediary Market

  中国保险监督管理委员会关于进一步规范保险中介市场准入的通知

  Market access threshold of insurance intermediaries raised to Rmb50 million.

  July 12, 2012

• Ministry of Health, Circular on the Operating Nature of Medical Institutions Established with Non-governmental Capital

  卫生部关于社会资本举办医疗机构经营性质的通知

  Private investors may establish for-profit or not-for-profit hospitals.

  July 12, 2012

• China Internet Network Information Center, Implementing Rules for the Registration of Domain Names

  中国互联网络信息中心域名注册实施细则

  Natural persons allowed to register .cn domain names.

  July 12, 2012