Legislation

• China Securities Regulatory Commission, Tentative Measures for the Administration of the Business of Evaluation of Securities Investment Funds

  中国证券监督管理委员会证券投资基金评价业务管理暂行办法

  CSRC bans the rating of funds under three years of age.

  December 08, 2009

• State Administration of Taxation, Measures for the Administration of the Treatment for Which Non-tax-residents are Eligible Under Tax Agreements (Trial Implementation)

  国家税务总局非居民享受税收协定待遇管理办法 (试行)

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

  December 08, 2009

• China Insurance Regulatory Commission, Guidelines for the Establishment of Infrastructure Bond Investment Plan Products

  中国保险监督管理委员会基础设施债权投资计划产品设立指引

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

  December 08, 2009

• Shanghai Stock Exchange, Implementing Rules for Handling Unusual Trading Circumstances (Trial Implementation)

  上海证券交易所交易异常情况处理实施细则 (试行)

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

  December 08, 2009

• State Administration of Taxation, Circular on Issues Concerning the Implementation of Preferential Income Tax Treatment for Venture Investment Enterprises

  国家税务总局关于实施创业投资企业所得税优惠问题的通知

  Venture investment companies may enjoy tax reduction.

  December 08, 2009

• Shenzhen Stock Exchange, Rules for Listing of Corporate Bonds

  深圳证券交易所公司债券上市规则

  Shenzhen Stock Exchange has differing administrations for bonds.

  December 08, 2009

• Shanghai Stock Exchange, Rules for Listing of Corporate Bonds (2009 Revision)

  上海证券交易所公司债券上市规则 (2009年修订版)

  Shanghai Stock Exchange has differing administrations for bonds.

  December 08, 2009

• Guidelines for the Establishment of Infrastructure Bond Investment Plan Products

  基础设施债权投资计划产品设立指引

  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.

  December 08, 2009

• Circular on Issues Concerning the Implementation of Preferential Income Tax Treatment for Venture Investment Enterprises

  关于实施创业投资企业所得税优惠问题的通知

  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.

  December 08, 2009

• Circular on Issues Relevant to the Implementation of Articles on Royalties of Tax Agreements

  关于执行税收协定特许权使用费条款有关问题的通知

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

  December 08, 2009