Real deposit account system for the processing trade postponed.

Louis Meng has left DLA Piper to join K&L Gates in Shanghai as a partner in the firm's corporate, M&A and securities practice. Meng has worked with international…

A new Circular makes it easier for foreign investors to get approval for the conversion of their unlisted shares into B-shares. This may finally render non-listed foreign-investment shares in these issuers obsolete. By Heiner Braun and Miles Ma, Freshfields Bruckhaus Deringer, Shanghai.

IPO sponsors required to keep working drafts.

A sponsor shall establish a sound working draft system, and keep separate sponsorship working drafts for each project.

VAT system changed from production-based to consumption-based.

National Legislation ACCOUNTINGChinese Institute of Certified Public Accountants, Guidelines on Audits Designated for Recognition of High-tech Enterprises…

More local governments to take similar protective measures

New sectors are expected to open in 2009