Full Text Translation

These Procedures aim to regulate the pilot projects for securitization of credit assets, protect the lawful rights and interests of investors and relevant parties, improve the circulation of credit assets, and increase the types of securities projects.

The Provisions aims to establish a constraining mechanism to combat the abuse of control of listed companies and to protect the lawful righjts and interests of shareholders.

According to this Circular, the a pilot project is launched to reform the separation of equity ownership and trading rights of listed companies.

To encourage technology imports and standardize the procedure for tax reductions and exemptions, this Circular states that a foreign investor who wishes to apply for an income tax reduction or exemption may entrust the technology import transferee to carry out the relevant procedures.

This Circular address issues of income tax on the stock options of employees, nature of the income from stock options, domestic and foreign sources of income, and calculation of tax payable.

The Decisions state that the entry of non-upblicly owned capital into specified cultural sectors is encouraged and supported.

The Procedures are concerned with the uploading of the pricing of electric power on to grids and reform of the electric power system of China.

The Procedures aim to set prices for the transmission and distribution of electricity, and to promote the development of power grids.

The Procedures are concerned with the setting of sales prices for electricity, in order to allocate electric power resources and to provide legal protection to electric power enterprises and users.