Foreign-funded infrastructure projects form a critical part of China's economic development. However, ill-defined and incomplete legislation has over the years compromised the quality and boosted the costs as well as the final product prices of foreign-funded projects.

National LegislationGovernment and AdministrationState Council General Office, Provisions on the Working Procedure Relevant to the Examination of Laws…

Issued: June 1 2002Main contents: The Circular states that business tax and deed tax will not be levied on the transfer of ownership of immovable property…

A detailed set of rules which governs the establishment of fund management companies with foreign equity participation.

The China Securities Regulatory Commission (the CSRC, China's securities regulatory body), issued the Establishment of Securities Companies with Foreign Equity Participation Rules (the Securities JV Rules or the Rules) on June 1 2002. The Rules set out the conditions and procedures for the establishment of Chinese-foreign securities joint venture companies and they represent a limited opening up of China's securities industry to foreign investors.

Fangda PartnersThe right of foreign investment enterprises (FIEs) to import and distribute goods in China is one of the focal areas of China's accession…

Zhonglun Law FirmThe "hot" issue in reforming China's financial system is how to improve the corporate governance mechanisms of state-owned commercial…

IntroductionOn 29 June 2002, the PRC, Government Procurement Law (中华人民共和国政府采购法)(GPL) was promulgated, which aims at the establishment…

Promulgated: May 14 2002Effective: as of date of promulgationApplicability: Where Notice No. 1 of the PRC, International Maritime Transport Regulations…