Legislation

• 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

• Shanghai Stock Exchange, Circular on Amending Article 7 of the «Guidelines for the Increase of Shareholding by Shareholders of Listed Companies and their Persons Acting in Concert»

  上海证券交易关于修订《上市公司股东及其一致行动人增持股份行为指引》第七条的通知

  Procedural obstacle cleared for increase of shareholding through Shanghai Stock Exchange.

  November 10, 2008

• China Securities Regulatory Commission, Trial Provisions for the Issuance of Exchangeable Bonds by Shareholders of Listed Companies

  中国证券监督管理委员会上市公司股东发行可交换公司债券试行规定

  Exchangeable bonds issued to solve problems of unloading non-tradable shares.

  November 10, 2008

• China Insurance Regulatory Commission, Reply on the Issue of Delimiting the Scope of Affiliated Transactions of Foreign-invested Insurance Companies

  中国保险监督管理委员会关于外资保险公司关联交易范围界定问题的复函

  Affiliated transactions of insurance FIEs defined.

  November 10, 2008

• State Administration for Industry and Commerce and Ministry of Commerce, Provisions for the Administration of Foreign-invested Advertising Enterprises

  国家工商行政管理总局、商务部外商投资广告企业管理规定

  Government relaxes foreign investment in advertising enterprises.

  November 10, 2008

• Ministry of Commerce, Circular on Delegating Matters Concerning the Changes to, and Examination and Approval of, Foreign-invested Companies Limited by Shares and Enterprises

  商务部关于下放外商投资股份公司、企业变更、审批事项的通知

  MOFCOM delegates its FIE approval power to lower level departments.

  November 10, 2008

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

  关于下放外商投资商业企业审批事项的通知

  The Circular states that, with certain exceptions, the investment in and establishment of commercial enterprises by foreign investors shall be subject to the examination of the provincial-level departments in charge of commerce.

  November 10, 2008

• China Insurance Regulatory Commission, Provisions for the Administration of the Solvency of Insurance Companies

  中国保险监督管理委员会保险公司偿付能力管理规定

  CIRC monitors insurance company solvency through inspections.

  November 10, 2008

• Central Committee of the Communist Party of China, Decision on Several Major Issues Concerning the Promotion of Rural Reform and Development

  中共中央关于推进农村改革发展若干重大问题的决定

  Land reform allows farmers to lease their land.

  November 10, 2008