Legislation

• Opinion on Issues Concerning the Levy of Place Use Fees on Foreign-invested Enterprises

  关于外商投资企业场地使用费征收问题的意见

  The Opinion specifies that if a foreign-invested enterprise obtained the leasehold through grant, it is not required to pay place use fees as it has already paid a land grant fee.

  November 10, 2008

• Other Recent Legislation for this Month

  National LegislationBANKINGOpinion on Accelerating the Innovation of Rural Financial Products and Mode of Services关于加快推进农村金融产品和服务方式创新的意见L3600/08.10.15FOREIGN…

  November 10, 2008

• China Securities Regulatory Commission, Supplementary Provisions on Share Buyback by Listed Companies through Centralised Competitive Trading

  中国证券监督管理委员会关于上市公司以集中竞价交易方式回购股份的补充规定

  Share buyback by listed companies made easier.

  November 10, 2008

• China Securities Regulatory Commission, Guiding Opinion on Further Regulating the Securities Investment Fund Valuation Business

  中国证券监督管理委员会关于进一步规范证券投资基金估值业务的指导意见　

  Clarity for valuation of securities investment fund products with no market price.

  November 10, 2008

• Shenzhen City, Shenzhen Special Economic Zone Regulations on the Promotion of Harmonious Employment Relationships

  深圳市深圳经济特区和谐劳动关系促进条例

  Enterprises owing workers wages may be ordered to stop operations.

  November 10, 2008

• Shanghai Stock Exchange, Guidelines for the Increase in Shareholding by Shareholders of Listed Companies and their Persons Acting in Concert

  上海证券交易所上市公司股东及其一致行动人增持股份行为指引

  Shanghai Stock Exchange issues guidelines on disclosure of increase in shareholding.

  November 10, 2008

• China Banking Regulatory Commission, Operational Guidelines for the Private Equity Investment Trust Business of Trust Companies

  中国银行业监督管理委员会信托公司私人股权投资信托业务操作指引

  Clearer procedures for private equity investment through trust companies.

  November 10, 2008

• Ministry of Commerce, Circular on Delegating Matters Concerning the Examination and Approval of Foreign-invested Commercial Enterprises

  商务部关于下放外商投资商业企业审批事项的通知

  Approval procedures for commercial FIEs streamlined.

  November 10, 2008

• Ministry of Finance and State Administration of Taxation, Circular on Issues Relevant to the Levy and Collection of Enterprise Income Tax on Non-tax-resident Enterprises

  财政部、国家税务总局关于非居民企业征收企业所得税有关问题的通知

  Deductible expenses of non-tax-resident enterprises clarified.

  November 10, 2008

• People's Bank of China, Extending the Downward Movement of Interest Rates for Loans for Residential Premises of a Commercial Nature for Individuals in Support of First-time Purchase of Ordinary Residential Premises by Residents

  中国人民银行扩大商业性个人住房贷款利率下浮幅度支持居民首次购买普通住房

  China revitalises its property market to increase domestic demand in view of the financial crisis.

  November 10, 2008