New distribution regulations released in 2003 as well as the landmark M&A rules have changed the landscape for foreign investment in publishing distribution.

Stipulates the corporate requirements of establishing export procurement centres by foreign investors.

The Procedures applies to law firms having already established representative offices in the Mainland. Association with Mainland law firms shall not take the form of a partnership or a legal person, and shall retain independence of both parties in terms of legal status, names and finances. Fulfilling criteria listed in therein, the Procedures provide application procedures for association submitted by the Hong Kong and Macau SAR law firms.

Scope of the preferential tax policy for products of technology and knowledge-based industries.

The PRC Banking Regulation Law establishes a new banking supervision institution – the China Banking Regulatory Commission (CBRC) – to oversee the regulation for all banking institutions and activities in China.

Promulgated: December 27 2003Effective: February 1 2004Main contents: With the new revision, the State Council banking regulatory authority has taken over…

Prerequisites for Hong Kong and Macao service providers in setting up joint venture and whooly owned international freight forwarding agencies in the PRC.

A new law issued by the Ministry of Commerce and others has allowed for the establishment of wholly foreign-owned export procurement agencies.

Extends the valid period for IP customs record to 10 years, and clarifies grounds for rejecting an application to filing of IP customs record.