Legislation

Tax should be withheld from rent income of non-tax-residents without an establishment.

Safe streamlines foreign exchange approval procedures.

Insurance companies require Rmb200 million to commence business.

CIRC strengthens regulation of the agricultural insurance business.

Approval of outbound resources investment project relaxed.

Banks required to meet capital adequacy ratio requirements of Basel III.

Sponsors and investment consultants may be liable for disclosure violations.

QFIIs may trade stock index futures only for hedging purposes.

The Measures set forth the conditions that a law firm from Taiwan shall fulfil when applying to establish a representative office and second representatives in Fuzhou or Xiamen.