Legislation

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

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

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

Indicators for small- or medium-sized enterprise.

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.

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.

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

Foreign enterprises in the PRC are required to pay value-added tax, business tax and enterprise income tax on the revenue from disposing Chinese financial assets.

Issued: January 16 2003Effective: as of date of issueMain contents: Exploration rights and mining rights may be granted by the authority in charge of registration…