Legislation

• State Administration of Taxation, Official Reply on the Issue of the Income Tax Treatment of Sale-leaseback Transactions by Foreign-invested Enterprises that Engage in Real Property Development

  国家税务总局关于从事房地产开发的外商投资企业售后回租业务所得税处理问题的批复

  Tax policy on sale-leaseback transactions by foreign-invested real property developers clarified.

  July 02, 2007

• China Insurance Regulatory Commission, Guidelines for Contingency Administration of Major Unexpected Events in Insurance Asset Management

  中国保险监督管理委员会保险资产管理重大突发事件应急管理指引

  The CIRC reinforces contingency administration of major unexpected events in insurance asset management.

  July 02, 2007

• China Securities Regulatory Commission, Rules for the Administration of the Shareholdings of Directors, Supervisors and Senior Management Personnel of Listed Companies and the Changes Thereto

  中国证券监督管理委员会上市公司董事、监事和高级管理人员所持本公司股份及其变动管理规则

  Transfer of shares by directors, supervisors and seniormanagement personnel curbed.

  July 02, 2007

• State Administration of Taxation, Official Reply on Tax Issues Concerning the Assignment of Land for Which the Formalities Relevant to the Leasehold Certificate Have Not Yet Been Completed

  国家税务总局关于未办理土地使用权证转让土地有关税收问题的批复

  Taxes on assignment of land should be paid regardless of completion of formalities.

  July 02, 2007

• State Administration of Taxation, Circular on Issues Relevant to the Enjoyment of Preferential Treatment as Production Enterprises by Foreign Investors Investing in and Operating Natural Gas Projects

  国家税务总局关于外商投资经营天然气项目享受生产性企业有关问题的通知

  Income from the processing and sale of natural gas entitled to preferential tax treatment.

  July 02, 2007

• PRC Employment Contract Law

  中华人民共和国劳动合同法

  New employment contract law imposes greater requirements on employers.

  July 02, 2007

• Ministry of Finance and China Securities Regulatory Commission, Circular on Issues Relevant to the Engagement in Securities- and Futures-related Businesses by Accounting Firms

  财政部、中国证券监督管理委员会关于会计师事务所从事证券、期货相关业务

  Requirements on accounting firms engaging in securities- and futures-related businesses imposed.

  July 02, 2007

• Shenzhen City, Circular on Regulating the Purchase of Commodity Premises by Foreign Organizations and Individuals

  深圳市关于规范境外机构和境外个人购买商品房的通知

  Foreign purchases of real property in Shenzhen restricted.

  July 02, 2007

• Supreme People's Court, Several Provisions on the Trial of Cases Involving Civil Tort Compensation in Connection with Audit Activities by Accounting Firms

  最高人民法院关于审理涉及会计师事务所在审计业务活动中民事侵权赔偿案件的若干规定

  Accounting firms face stringent tort liability when conducting audits.

  July 02, 2007

• State Council, PRC Measures for the Administration of Registration of Partnership Enterprises (Revised)

  国务院中华人民共和国合伙企业登记管理办法 (修订)

  Partnership enterprises required to specify "general partnership", "special general partnership" or "limited partnership" in their names.

  July 02, 2007