Legislation

The Provisions detail the security review application procedure for acquisition of domestic enterprises by foreign investors.

The Circular aims to further regulate the administration by record filing of equity investment enterprises in the pilot areas: Tianjin Binhai New Area, Beijing Zhongguancun Science and Technology Park, Wuhan East Lake New Technology Development Zone and the Yangtze Delta.

The Circular lifts and streamlines the examination and approval requirements for certain foreign investment matters.

The Measures set forth provisions on the handling of patent infringement disputes, mediation of patent disputes, as well as investigation and handling of the passing off of patents.

Mediation settlement agreements are legally binding.

Shanghai imposes property tax on the second property.

Full business tax levied on sale of property within five years.

Renminbi and foreign currency swaps offered to the customer market.

Tax incentives offered to software and integrated circuit industries.