Legislation

• State Administration of Taxation, Official Reply to Tax Treatment Measures for Withdrawal of Materials from Bonded Warehouses and Export Regulatory Warehouses

  国家税务总局关于从保税仓库和出口监管仓库提取的料件有关税收处理办法的批复

  Issued: December 7 2005Main contents: The Official Reply gives consent to the issue of tax exemption certificates for import of materials for processing…

  November 30, 2005

• State Administration of Taxation, Official Reply Relating to the Examination and Approval Authority over Tax Exemption, Offsetting and Refund for Export of Products of Member Enterprises Purchased by Production-type Conglomerates

  国家税务总局关于生产型集团公司收购成员企业产品出口有关免抵退税审批权限的批复

  Issued: November 12 2005Main contents: The Official Reply gives consent to the examination and approval by offices of the State Administration of Taxation…

  November 30, 2005

• State Administration of Foreign Exchange, Guidelines for Market Makers of the Interbank Foreign Exchange Market (Tentative)

  国家外汇管理局银行间外汇市场做市商指引 (暂行)

  Issued: November 24 2005Effective: as of date of issueInterpreting authority: State Administration of Foreign Exchange (SAFE)Applicability: The term "market…

  November 30, 2005

• State Administration of Foreign Exchange, Circular on Issues Relevant to Improving the Administration of Foreign Debt

  国家外汇管理局关于完善外债管理有关问题的通知

  Promulgated: October 21 2005Effective: December 1 2005Main contents: The Circular deals with issues such as:1. delayed payments of at least 180 days and…

  November 30, 2005

• Ministry of Commerce, Measures for the Administration of the Circulation of Alcoholic Beverages

  商务部酒类流通管理办法

  Promulgated: November 7 2005Effective: January 1 2006, with a transition period of three months from the effective dateInterpreting authority: Ministry…

  November 30, 2005

• Circular on Issues Relevant to Improving the Administration of Foreign Debt

  关于完善外债管理有关问题的通知

  This Circular provides that domestic debts of at least US$200K with repayment duration of at least 180 days will be administered through foreign debt registraion. Some pre-Circular interpretation conflicts and practical enforcement problems are also solved.

  November 30, 2005

• PRC Company Law (Amended)

  中华人民共和国公司法 (修订)

  This Law provides that a company is a separate legal entity from its shareholders. Two types of companies are allowed: limited liability company (LLC), and companies limited by shares.

  November 30, 2005

• Supreme People's Court and Supreme People's Procuratorate, Official Reply to Issues Relevant to Handling Criminal Cases on the Infringement of Copyright Involving Audiographic and Videographic Works

  最高人民法院、最高人民检察院关于办理侵犯著作权刑事案件中涉及录音录像制品有关问题的批复

  Issued: October 13 2005Effective: October 18 2005Main contents: The quantity benchmarks of copies specified in Item(2) of the first paragraph and Item(2)…

  October 31, 2005

• State Administration of Foreign Exchange, Circular on Adjusting the Measures for the Administration of the Positions for Settlement and Sale of Foreign Exchange of Banks

  国家外汇管理局关于调整银行结售汇头寸管理办法的通知

  Regulations and approval requirements concerning consolidated positions for settlement and sale of foreign exchange.

  October 31, 2005

• Circular on Issues Relevant to Investments in Short-term Financing Bills by Money Market Funds

  关于货币市场基金投资短期融资券有关问题的通知

  The Circular provides for the minimum credit rating of short-term financing bills in which a money market fund invests, while the domestic credit rating shall prevail over international credit rating. The percentage of the investment by a money market fund in the short-term financing bills and short-term corporate bonds issued by one company may not in total exceed 10% of the net value of the fund's assets. If the credit rating of short-term financing bills held by a money market fund drops, the fund shall fully divest itself of such bills within 20 trading days.

  October 31, 2005