Legislation

China consolidates rules on tax reduction eligibility of non-tax-residents.

More stringent requirements for insurance asset management companies establishing infrastructure bond investment plan products.

Shanghai Stock Exchange imposes measures in case of unusual trading circumstances.

Venture investment companies may enjoy tax reduction.

Shenzhen Stock Exchange has differing administrations for bonds.

Shanghai Stock Exchange has differing administrations for bonds.

The Guidelines set forth the conditions with which an insurance asset management company or trust company shall comply when engaging in the infrastructure bond investment plan business.

The Circular sets forth the criteria under which a venture investment enterprise may enjoy tax reduction for investment in an unlisted small or medium high and new technology enterprise.

The Circular clarifies the amounts or remuneration that shall not be treated as royalties but rather as income derived from service activities.