Insurance enterprises allowd to obtain pre-tax deductions of commission expenses for surrendered insurance policies.
September 02, 2007
Legislation
PBOC launches swaps between renminbi and foreign currencies.
September 02, 2007Individual income tax on savings interest significantly reduced.
September 02, 2007This law regulates investments in overseas securities by qualified domestic institutional investors and to protect the interests of investors. Parts Two and Three set out the requirements for being a qualified domestic institutional investor (QDII), and an oversea investment consultant. Part Four deals with the custody of assets, power and duties of a custodian, and the appointment of an overseas asset custodian. Part Five is concerned with the duties and transparency of the QDII. Part Six sets out the limit of fund management.
September 02, 2007These Tentative Measures strengthen the administration of overseas investment of insurance capital, and to protect the interests of involved parties, whilst at the same time further relaxing overseas investment of insurance capital.
September 02, 2007This Provisions aims to further clarify the issue on the conflict of laws for foreign-related civil and commercial contract disputes and recognizes the parties' expressed choice of laws.
September 02, 2007This law aims to regulate futures trading, to protect parties involved in such trading, and to promote the development of the futures market. Part Two covers the establishment of futures exchanges, as approved by the State Council's futures regulatory authority. Part Three deals with the formation of futures companies. Part Four sets out the basic rules of futures trading. Part Five provides a self regulatory system for the futures industry. Parts Six and Seven are concerned with the checks and control system, and legal liability of violators.
September 02, 2007Stamp duty reduced to curb securities speculation.
July 02, 2007Tax law revised to allow reduction and waiving of tax on savings interest.
July 02, 2007Export tax rebate rate for garments dropped to 11%.
July 02, 2007