Legislation

• State Council, Circular on Approval and Transmission of the «National Development and Reform Commission, Opinion on Intensifying the Reform of the Economic System in 2009»

  国务院批转发展改革委关于2009年深化经济体制改革工作意见的通知

  State Council proposes the levy of environmental tax and property tax.

  July 29, 2009

• China Insurance Regulatory Commission, Opinion on the Insurance Industry's Thorough Implementation of the Medical Reform Opinions and Active Participation in the Establishment of a Multi-level Medical Welfare System

  中国保险监督管理委员会关于保险业深入贯彻医改意见 积极参与多层次医疗保障体系建设的意见

  Insurance industry to play a significant part in healthcare reform.

  July 29, 2009

• Anti-Monopoly Commission of the State Council, Guidelines on the Definition of Relevant Market

  国务院反垄断委员会关于相关市场界定的指南

  “Relevant market” defined for China's anti-monopoly law enforcement.

  July 29, 2009

• State Administration for Industry and Commerce, Provisions on Procedures for Investigation and Handling of Cases of Monopolistic Agreements and Cases of Abuse of Dominant Market Position by Administrations for Industry and Commerce

  国家工商行政管理总局工商行政管理机关查处垄断协议、滥用市场支配地位案件程序规定

  Anti-monopoly Law enforcement may be handled by local branches of SAIC.

  July 29, 2009

• Ministry of Commerce, Circular on Matters Relevant to the Review and Administration of Foreign-invested Enterprises in Certain Service Sectors by Competent Provincial-level Commerce Departments and State-level Economic and Technology Development Zones

  商务部关于省级商务主管部门和国家级经济技术开发区审核管理部分服务业外商投资企业相关事项的通知

  Mofcom delegates the approval of FIEs of service sectors to local authorities.

  July 29, 2009

• Supreme People's Court, Opinion on Several Issues Concerning Proper Trial of Enterprise Bankruptcy Cases to Safeguard the Order of the Market Economy and Provide Judicial Protection

  最高人民法院关于正确审理企业破产案件为维护市场经济秩序提供司法保障若干问题的意见

  Shareholders may be liable to discharge the company's debts.

  July 29, 2009

• Guiding Opinion on Further Reform and Enhancement of the System for Offering of New Shares

  关于进一步改革和完善新股发行体制的指导意见

  For each stock offering, any one private placement target may opt to subscribe the new shares either offline or online, but not both.

  July 29, 2009

• Beijing Municipality, Several Provisions for Encouraging the Establishment of Regional Headquarters in Beijing by Multinational Corporations

  北京市关于鼓励跨国公司在京设立地区总部的若干规定

  Beijing offers financial incentives to establish regional headquarters in the city.

  July 29, 2009

• Guidelines on the Definition of Relevant Market

  关于相关市场界定的指南

  The Guidelines elaborate on the fundamental basis for defining the relevant market: demand substitutability and supply substitutability. They also explain the hypothetical monopolist test analytical approach.

  July 29, 2009

• Circular on Foreign Exchange Control Issues Relevant to Overseas Loans Extended by Enterprises in China

  关于境内企业境外放款外汇管理有关问题的通知

  The Circular allows enterprises in China to directly extend loans to their wholly-owned subsidiaries and enterprises overseas.

  July 29, 2009