Joint venture trading companies are now allowed on a wider scale. Trading companies can now be set up anywhere in China, the registered capital requirements and requirements for investors are less restrictive than in previous regulations, and the scope of business is wider.
Foreign enterprises in the PRC are required to pay value-added tax, business tax and enterprise income tax on the revenue from disposing Chinese financial assets.
Appraisers are restrained from issuing confirmation or opinion on ownership, take no responsibility for the truth, legality and completeness of the materials.
Issued: January 16 2003Effective: as of date of issueMain contents: Exploration rights and mining rights may be granted by the authority in charge of registration…
The PRC's new Foreign Debt Administration Tentative Procedures set out tighter foreign debt registration requirements, while collecting and putting a high-level government imprimatur on various policies and practices.
Promulgated: January 8 2003Effective: March 1 2003Interpreting authority: State Economic and Trade CommissionApplicability: These Measures apply to the…
Promulgated: January 31 2003Effective: 30 days after the date of promulgationInterpreting authority: Ministry of Foreign Trade and Economic CooperationApplicability:…
Issued: December 20 2002Effective: as of 30 days from the date of issueInterpreting authority: Ministry of Foreign Trade and Economic Cooperation and State…
New rules make for a limited opening of the futures trading sector, and might constitute a new beginning for China's futures markets, though further legislation is needed to clarify the opportunities for foreign investors.