The Circular clarifies the refund of enterprise income tax in connection with re-investments by foreign investors of profits distributed after equity transfers.

Issued: September 26 2005Effective: as of date of issueApplicability: The Circular on Issues Relevant to Equity Participation by Hong Kong and Macao Service…

Issued: December 1 2005Main contents: Business tax shall be exempted from spread income gained in securities trading business in China engaged in by domestic…

Whilst China's new Company Law is not all it could have been, it goes a long way in introducing protection for minority shareholders, improving corporate governance and ensuring more realistic capitalization requirements for the establishment of companies.

By Jerry Yulin [email protected]: www.haiwen-law.comDesigns, logos and other artistic works may be created for various purposes. For example,…

Reflecting China's growing unease with the free flow of information over the internet, the government has released new regulations further restricting the digital dissemination of unauthorized news.

National LegislationBANKINGSupplementary Circular on Issues Relevant to Handling of the Renminbi Business by Mainland Banks and Hong Kong Banks 关于内地银行与香港银行办理人民币业务有关问题的补充通知L3600/05.12.04Electronic…

Issued: November 2 2005Main contents: In accordance with the Regulations for the Administration of Direct Selling, the scope of products that may be sold…

By Lily Wei [email protected]: www.freshfields.comThe use of 'collusive bidding agreements' among bidders for Chinese construction…