Legislation

• General Office of the National Development and Reform Commission, General Office of the People's Bank of China, General Office of the Ministry of Finance, General Office of the China Banking and Insurance Regulatory Commission and General Office of the China Securities Regulatory Commission, Circular on Encouraging Relevant Institutions to Participate in Market-oriented Debt-for-equity Swaps

  国家发展和改革委员会办公厅、中国人民银行办公厅、财政部办公厅、中国银行保险监督管理委员会办公厅、中国证券监督管理委员会办公厅关于鼓励相关机构参与市场化债转股的通知

  Foreign investors are encouraged to engage in debt-for-equity swaps

  December 12, 2018

• People's Bank of China, Ministry of Finance and China Banking and Insurance Regulatory Commission, Circular on Launching Over-the-Counter Business for Local Government Bonds on the National Interbank Bond Market

  中国人民银行、财政部、中国银行保险监督管理委员会关于在全国银行间债券市场开展地方政府债券柜台业务的通知

  Local government bonds are offered to individual investors

  December 12, 2018

• PRC Individual Income Tax Law (7th Revision)

  中华人民共和国个人所得税法（第七次修正）

  New residency provisions apply to individual income tax

  December 12, 2018

• People's Bank of China, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission, Guiding Opinions on Improving the Regulation of Systemically Important Financial Institutions

  中国人民银行、中国银行保险监督管理委员会、中国证券监督管理委员会关于完善系统重要性金融机构监管的指导意见

  China defines systemically important financial institutions

  December 05, 2018

• PRC Electronic Commerce Law

  中华人民共和国电子商务法

  An e-commerce platform operator may bear joint and several liability for sub-standard goods

  December 05, 2018

• Ministry of Finance and State Administration of Taxation, Implementing Regulations for the PRC Individual Income Tax Law (Draft Amendments for Comments)

  财政部、国家税务总局中华人民共和国个人所得税法实施条例 (修订草案征求意见稿)

  Issued: October 20, 2018 Main contents: The Draft contains a total of 48 articles, with 25 articles amended, 19 articles deleted and 19 new…

  November 28, 2018

• Ministry of Finance and State Administration of Taxation, Tentative Measures for Special Expense Deductions on Individual Income Tax (Draft for Comments)

  财政部、国家税务总局个人所得税专项附加扣除暂行办法 (征求意见稿)

  Issued: October 20, 2018 Main contents: Where a taxpayer himself/herself or his/her spouse uses a personal housing loan from a commercial…

  November 28, 2018

• China Banking and Insurance Regulatory Commission, Circular on Matters Relevant to the Creation of Dedicated Products by Insurance Asset Management Companies

  中国银行保险监督管理委员会关于保险资产管理公司设立专项产品有关事项的通知

  Insurance capital may be invested to alleviate liquidity risks of listed companies

  November 21, 2018

• Provisions on Several Issues Concerning the Trial of Cases by Internet Courts

  关于互联网法院审理案件若干问题的规定

  China internet courts recognize blockchain technology as a means of electronic evidence storage

  November 21, 2018

• Standing Committee of the National People's Congress, Decision on Extending the Period of Authorization of the State Council to Launch a Pilot Project for the Marketing Authorization Holder System in Certain Regions

  全国人民代表大会常务委员会关于延长授权国务院在部分地方开展药品上市许可持有人制度试点期限的决定

  The pilot period for the drug MAH scheme is extended

  November 14, 2018