Full Text Translation

A per-day continuous penalty may be imposed for illegal emission/discharge of pollutants.

Prior approvals for the establishment of (sub-)branches in the FTZ by marine insurance operation centres and reinsurance companies located in Shanghai are abolished

Stamp duty on preference share transactions set at 0.1%

SAT revises the expense deduction amount for individual income tax of partnerships and proprietorships.

Measures revised to allow loans for insurance company M&As.

The Measures specify that, among the promoters, at least one is to be a qualified commercial bank, manufacturer or foreign lease financing company and its capital contribution is to account for not less than 30% of the share capital.

CSRC allows blue chip companies to issue preference shares.

When an online merchant sells its goods, consumers have the right to return the goods within seven days from the date of receipt thereof, no questions asked.

CIRC lifts the restrictions on the investment percentages of insurance capital.