China's capital market is certain to benefit from the China Banking Regulatory Commission and the People's Bank of China's joint release of new Procedures on the securitization of credit assets. Limitations remain, however, concerning the types of institutions that can originate securitizations and the types of assets that can be securitized.
After failed attempts in 1999 and 2001, China is again taking the necessary but daunting step of integrating its non-tradable state-owned shares with those that are tradable. Could this be the catalyst that the mainland IPO and restructuring markets need?
This Circular address issues of income tax on the stock options of employees, nature of the income from stock options, domestic and foreign sources of income, and calculation of tax payable.
Issued: April 2 2005Main contents: The Circular sets forth the procedures for including distribution business (wholesale, retail and commission agency)…
Issued: April 8 2005Main contents: The Circular sets the short-term foreign debt indicators for Chinese-invested banks for the year 2005 at US$24.391 billion…
Issued: April 29 2005Main contents: In 2001, the State Council approved to permit financial asset management companies to absorb foreign capital to participate…
Issued: April 1 2005Main contents: The Circular sets the short-term foreign debt indicators for foreign-invested banks in China for the year 2005 at US$34.8…
China has made considerable efforts in overhauling its IP legal regime since the country's accession to the WTO in 2001. Still it will be some time yet before these reforms transpire into meaningful ground-level improvements in the enforcement of IP rights.