The Provisions detail the approval procedure of the board of directors of a listed company on material asset reorganization and related information disclosure obligations.
The Measures set forth the criteria for recognition as a hi-tech enterprise. After obtaining qualifications as a hi-tech enterprise, the enterprise is entitled to tax reduction or exemption.
The Circular allows commercial banks to engage in gold futures trading and specifies the conditions such as having the qualifications to trade in derivatives.
A material asset reorganization shall be constituted when the purchase or sale of assets by a listed company and by the companies in which it has a controlling interest or that it controls reaches any of the specified benchmarks
The Law details the procedures for mediation and arbitration of employment disputes. It stipulates that the time limit for applying for arbitration in an employment dispute shall be one year (Article 27).
The Measures stipulate that land registration shall be carried out jointly by the concerned parties, except in specified circumstances where a single party may make an application.
The Circular clarifies three issues arising after the abolition of several preferential tax policies previously available to foreign-invested enterprises and foreign enterprises.
These Measures shall apply when procedures for the record filing, import and export customs declaration, processing, supervision and verification and cancellation of processing trade goods are carried out.