Legislation

Time limits for depreciation of telecommunications equipment adjusted.

The China Bank Regulatory Commission is reviewing applications by five commercial banks to establish finance leasing companies. How will this new business vehicle impact the Chinese finance leasing landscape?

The Rules, tightening tort liability for accounting firms in conducting audits, are a crucial step towards preventing accounting firms from liability evasion in civil tort cases and building investors' confidence.

Possession of the leasehold or property ownership is required before establishing a foreign-invested real property company.

The Reply clarifies under which case an enterprise assigns interests in, or risks attaching to, an asset through a sale-leaseback transaction it shall be deemed to have transferred all or part of the ownership of the immovable property.

Requiring that employers conclude written employment contracts with all full-time employees within 30 days of their start date, the law provides basic requirements for the establishment, implementation, amendment and termination of these contracts.

More specific requirements on the reserve price to control bribery in construction project bidding in Beijing.

Franchisors required to disclose certain information to their franchisees before signing the contract.

Tax reduction for venture capital investment enterprises investing in unlisted technology SMEs.