Legislation

• Ministry of Finance, Provisions Relevant to Finance-related Regulation of Foreign-invested Enterprises During Liquidation Period Circular

  财政部关于外商投资企业清算期财政财务管理有关规定的通知

  Regulates the process of liquidation for foreign-invested and wholly-foreign owned enterprises.

  March 31, 2003

• State Administration of Foreign Exchange, Issues Relevant to Improving Foreign Exchange Control on Foreign Direct Investment Circular

  国家外汇管理局关于完善外商直接投资外汇管理工作有关问题的通知

  Procedural guideline as to various channels of foreign investment into the Chinese market.

  March 31, 2003

• Guangdong Province, Promotion of the Development of Venture Capital Investment Tentative Provisions

  广东省促进创业投资发展暂行规定

  Issued: February 14 2003Effective: March 1 2003Interpreting authority: Guangdong Province Development and Planning CommissionApplicability: "Venture Investment"…

  March 31, 2003

• Other Recent Legislation for this Month

  National LegislationConstructionCertified Urban Planners Registration Procedures 注册城市规划师注册登记办法L4200/03.03.10BankingSubmission…

  March 31, 2003

• State Development Planning Commission, Administration of Bid Evaluation Experts and Bid Evaluation Expert Panels Tentative Measures

  国家发展计划委员会评标专家和评标专家库管理暂行办法

  Maintaining the standard and qualification of bid evaluation experts and bid evaluation expert panels.

  March 31, 2003

• China Securities Regulatory Commission, The Second Batch of Items in Respect of which the Administrative Examination and Approval Requirements are Abolished and Change of the Management of Certain Items Requiring Administrative Examination and Approval Notice

  中国证券监督管理委员会关于取消第二批行政审批项目及改变部分行政审批项目管理方式的通告

  Simplification of procedures in various areas, such as establishment of new securities companies, futures investment companies.

  March 31, 2003

• State Economic and Trade Commission, State Development Planning Commission, Ministry of Finance and National Bureau of Statistics, Standards for Small- and Medium-sized Enterprises Tentative Provisions

  国家经贸委、国家计委、财政部、国家统计局中小企业标准暂行规定

  Indicators for small- or medium-sized enterprise.

  March 31, 2003

• Acquisition of Domestic Enterprises by Foreign Investors Tentative Provisions

  外国投资者并购境内企业暂行规定

  New rules for the acquisition of domestic firms by foreign investors have recently been issued, and constitute one of the most important legislative developments affecting foreign parties in China this year.

  March 31, 2003

• Establishment of Sino-foreign Foreign Trading Equity Joint Ventures Tentative Measures

  关于设立中外合资对外贸易公司暂行办法

  Joint venture trading companies are now allowed on a wider scale. Trading companies can now be set up anywhere in China, the start up requirements are less restrictive, and the scope of business is wider.

  March 31, 2003

• Income Tax Treatment of Enterprise Debt Restructuring Measures

  企业债务重组业务所得税处理办法

  The PRC tax authorities move in to prevent the loss of tax revenue arising from debt restructuring activities.

  March 31, 2003