Qualifications required for purchase of 5% or more of equity in a securities company.

Calculation of business turnover for business tax purposes revised.

Elinor [email protected] General Administration of Customs of China (GAC) is seeking comment on the draft amendments to the Implementing…

The Chinese capital markers have developed rapidly and sponsorship activities have increased. New Measures for the administration of securities sponsorship aim to fix the weaknesses in the previous legal framework. They will have a significant impact on sponsoring companies and their legal advisers. By Christophe Han and Patrick Chen, Llinks Law Offices, Shanghai.

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…