Legislation

The NPCSC interpretation of the Hong Kong Basic Law on the issues of Chief Executive and Legislative Council selection.

National LegislationBankingMonitoring and Review of Bad Assets of Commercial Banks Tentative Procedures 商业银行不良资产监测和考核暂行办法L3610/04.03.25Administration…

While prohibited to make bad debt provisions, foreign telecom operators may now treat customers' bill overdue for a year or more as bad debt.

Producers now has to bear the burdens for the tax portion that is not refunded.

Application requirements for the recognition and protection of well-known trademarks.

Clarifies definitions for the applicable trade privileges given to Macao enterprise in the Mainland.

The revised Provisions add one more section on recognition of a company with an investment nature by foreign investors as a regional headquarters.

The Procedures undertake to reduce illegal and fraudulent activities in the PRC securities market by promoting sound corporate practices of both issuing companies and sponsors.

An important step forward, China modernizes its commercial banks by ensuring a sound financial position through the newly-issued measurable capital adequacy standards.