Promulgated: March 6 2006Effective: as of date of promulgationInterpreting authorities: Beijing Municipal Commission of Development and Reform and Beijing…

The China Securities Regulatory Commission has proposed new rules for initial public offerings (IPOs), to make it easier for companies to sell shares in…

Issued: July 13 2006Main contents: The Supplementary Circular clarifies the criteria for enjoying tax reduction or exemption for newly established enterprises.Related…

China's new Takeover Code imposes stringent information disclosure requirements and clarifies rules to make the acquisition process more efficient.

Promulgated: August 27 2006Effective: June 1 2007Main contents: The Law comprisesPart One: General ProvisionsPart Two: Petition and AcceptancePart Three:…

Clarifies criteria for the recognition of newly established enterprises, eligibility for the preferential income tax policies, the tax authority's power to determine such eligibility, the applicability for fixed periods of enterprise income tax reduction and exemptions.

The Provisions underline the PRC's concern over inbound M&A activities. It adds extra regulations to the administration system, determination of qualified FIEs, certain M&A activities, and foreign exchange registration.

The Provisions add extra regulation by installing a more transparent and tightly controlled administration system and imposing additional requirements for foreign exchange registration.

Foreign investment by Chinese companies (excluding banks) jumped 123% to US$12.3 billion in 2005, according to a report released by China's Ministry of…