Legislation

• Circular on Issues Concerning the Annual Average Monthly Working Hours of Staff and Workers and the Pro Rata Calculation of Their Wages

  关于职工全年月平均工作时间和工资折算问题的通知

  The Circular elaborates on the calculation of working days and hours and pro rata calculation of daily wage and hourly wage.

  March 11, 2008

• Ministry of Water Resources, Tentative Measures on Water Distribution

  水利部水量分配暂行办法

  China's first law on water distribution.

  January 31, 2008

• State Council, Implementing Regulations for the PRC Enterprise Income Tax Law

  国务院中华人民共和国企业所得税法实施条例

  Enterprise tax deductions further clarified in implementing regulations.

  January 31, 2008

• Guangzhou City, Urgent Circular on Strengthening the Administration of Mass Layoffs by Employers

  广州市关于加强对用人单位规模性裁员管理的紧急通知

  Guangzhou issued urgent circular to prevent companies from getting around the PRC Employment Contract Law.

  January 31, 2008

• China Securities Regulatory Commission, Guidelines for Contents and Formats for Information Disclosures by Companies that Offer Securities to the Public (No.2): Contents and Format of Annual Reports (2007 Revision)

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第2号—年度报告的内容与格式 (2007年修订)

  Cross-shareholdings required to be disclosed in annual reports.

  January 31, 2008

• State Council, Circular on the Implementation of Transitional Preferential Enterprise Income Tax Policies

  国务院关于实施企业所得税过渡优惠政策的通知

  State Council issues transitional preferential tax policies in view of the implementation of the PRC Enterprise Income Tax Law.

  January 31, 2008

• China Securities Regulatory Commission, Trial Provisions for the Establishment of Subsidiaries by Securities Companies

  中国证券监督管理委员会证券公司设立子公司试行规定

  Parent securities companies not allowed to compete with their subsidiaries.

  January 31, 2008

• China Securities Regulatory Commission, Rules for the Establishment of Securities Companies with Foreign Equity Participation (Revised)

  中国证券监督管理委员会外资参股证券公司设立规则 (修订)

  Foreign investors allowed wider access to securities joint ventures.

  January 31, 2008

• State Council, Regulations on Paid Annual Leave of Staff and Workers

  国务院职工带薪年休假条例

  Paid annual leave detailed in regulations.

  January 31, 2008

• Guangdong Province, Outline of the Strategies on Intellectual Property Rights (Year 2007-2020)

  广东省知识产权战略纲要 (2007 - 2020年)

  Guangdong offers preferential tax treatment for purchase of advanced technologies and patents.

  January 31, 2008