Legislation

• Ministry of Finance, Administration of the Business of Inter-market Transfer of the Custody of Treasury Bonds Procedures

  财政部国债跨市场转托管业务管理办法

  Transfer of PRC treasury bonds held by the same client among different custodian institutions.

  March 31, 2004

• State Council, PRC Anti-dumping Regulations (Revised)

  国务院中华人民共和国反倾销条例 (修订)

  Promulgated: March 31 2004Effective: June 1 2004Main contents: Article 33 of the Regulations has been amended to include public interest as a criteria…

  March 31, 2004

• China Banking Regulatory Commission, Oversight of the Consolidation of Statements of Foreign-invested Banks Administrative Procedures

  中国银行业监督管理委员会外资银行并表监管管理办法

  Foreign investors in the PRC banking industry are subject to duties in quarterly consolidated financial statement reporting, conglomerate reporting, official inspections, external audit and tripartite meetings.

  March 31, 2004

• State Administration for Industry and Commerce and Ministry of Commerce, Administration of Foreign-invested Advertising Enterprises Provisions

  国家工商行政管理总局、商务部外商投资广告企业管理规定

  Provides for foreign investment and participation in the PRC advertising market.

  March 31, 2004

• China Securities Regulatory Commission, Matters Relevant to the Implementation of the «Sponsorship System for Offering and Listing of Securities Tentative Procedures» Circular

  中国证券监督管理委员会关于实施《证券发行上市保荐制度暂行办法》有关事项的通知

  Clarification for the investment banking qualificaiton for the registration of sponsor representative.

  March 31, 2004

• The Standing Committee of the National People's Congress, Article 7 of Annex I and Article 3 of Annex II to the «PRC Hong Kong Special Administrative Region Basic Law» Interpretation

  全国人民代表大会常务委员会关于《中华人民共和国香港特别行政区基本法》附件一第七条和附件二第三条的解释

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

  March 31, 2004

• Other Recent Legislation for this Month

  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…

  March 31, 2004

• State Administration of Taxation, Taxation Treatment Issues Concerning Bad Debt Losses Arising from Engagement in Telecommunications Business by Foreign-invested Enterprises Circular

  国家税务总局关于外商投资企业从事电信业务所发生的坏账损失税务处理问题的通知

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

  March 31, 2004

• Ministry of Finance and State Administration of Taxation, Relevant Tax Issues Concerning Exports of Production Enterprises whose Tax is not Refunded or whose Tax Rebate Rates are Lowered Circular

  财政部、国家税务总局关于生产企业出口不退税和调低退税率货物有关问题的通知

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

  March 31, 2004

• Shanghai Municipality, Carrying out the State Administration for Industry and Commerce, «Recognition and Protection of Well-known Trademarks Provisions» Several Implementing Opinions

  上海市关于贯彻国家工商行政管理总局《驰名商标认定和保护规定》的若干实施意见

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

  March 31, 2004