Legislation

• State Administration of Taxation, Further Strengthening Administration in the Examination and Approval of Pre-tax Deductions of Management Fees Drawn by Head Offices Circular

  国家税务总局关于进一步加强总机构提取管理费税前扣除审批管理的通知

  Issued: January 28 2005Effective: The Circular shall be implemented as of the time when examining and approving the 2004 pre-tax deductions of management…

  February 28, 2005

• Shanghai Stock Exchange, Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation Limited, Handling of the Transfers of Non-tradable Shares of Listed Companies Rules

  上海证券交易所、深圳证券交易所、中国证券登记结算有限责任公司上市公司非流通股股份转让业务办理规则

  Issued: December 15 2004Effective: January 1 2005Interpreting authority: Shanghai Stock Exchange, Shenzhen Stock Exchange and China Securities Depository…

  February 28, 2005

• Other Recent Legislation for this Month

  National LegislationACCOUNTINGAdministration of the Practising Qualifications for Accounting Procedures会计从业资格管理办法L3110/05.01.22BANKINGAdministration…

  February 28, 2005

• People's Bank of China, Verification for Entry of Financial Institutions in the Banking Industry into the National Interbank Loans Market Rules

  中国人民银行银行业金融机构进入全国银行间同业拆借市场审核规则

  Promulgated: January 21 2005Effective: as of date of promulgationInterpreting authority: People's Bank of China (PBOC)Applicability: Financial institutions…

  February 28, 2005

• Handling of the Transfers of Non-tradable Shares of Listed Companies Rules1

  上市公司非流通股股份转让业务办理规则

  The Rules aim to maintain order in the securities markets. Transfer of non-tradable shares of listed companies must be handled by stock exchanges and in a centralized, uniform manner by Shanghai Stock Exchange, Shenzhen Stock Exchange, and the China Securities Depository and Clearing Corporation Ltd.

  February 28, 2005

• Administration of Commercial Franchising Procedures

  商业特许经营管理办法

  The Procedures aim to create norms for commercial franchising activities. It covers issues such as franchise parties, franchise agreements, advertising, information disclosure, and foreign-invested entities.

  February 28, 2005

• Establishment of Companies with an Investment Nature by Foreign Investors Provisions (2nd Revision)

  关于外商投资举办投资性公司的规定 (第二次修正)

  The Provisions aim to encourage foreign investors to invest in China and import Foreign advanced technology and management expertise. They shall apply to investors from Taiwan, Hong Kong and Macao who invest in the establishment of companies with an investment nature in China.

  February 28, 2005

• Tianjin Municipality, Verification of Enterprise Investment Projects Tentative Administrative Procedures

  天津市企业投资项目核准暂行管理办法

  Promulgated: November 3 2004Effective: as of date of promulgationApplicability: The Procedures apply to fixed asset investment projects listed in the Investment…

  January 31, 2005

• China Insurance Regulatory Commission, Administration of Insurance Agencies Provisions

  中国保险监督管理委员会保险代理机构管理规定

  Promulgated: December 1 2004Effective: January 1 2005Interpreting authority: China Insurance Regulatory Commission (CIRC)Main contents: Without the approval…

  January 31, 2005

• Ministry of Commerce, Administration of Auctions Procedures

  商务部拍卖管理办法

  Promulgated: December 2 2004Effective: January 1 2005Interpreting authority: Ministry of CommerceApplicability: "Auction houses" refers to limited liability…

  January 31, 2005