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

New sectors are expected to open in 2009

The Provisions allow securities companies to engage in margin trading and short sale of securities.

The Circular elaborates matters concerning the Provisions for the Administration of the Solvency of Insurance Companies.

Grosvenor has set up a joint venture with Vega Property Group to establish the US$250 million Grosvenor Vega-China Retail Fund.The fund will focus on investments…

Stricter criteria for sale of investment-type insurance by property insurance companies

Zhaokang JiangSandler, Travis & Rosenberg, [email protected] Asia, businesses have been benefiting from the globalisation of international trade…

More high-end products subject to consumption tax.

Temporary local rules will fill the gaps