April 02, 2007
Tax issues clarified in the restructuring of foreign-invested banks.
Enterprise income tax rate for both FIEs and domestic companies set at 25%.
Shenzhen Stock Exchange still allows memebers to purchase seats from it.
Shanghai Stock Exchange no longer approves new seats.
Foreign banks are encouraged to set up banks with legal personality.
Listed financial companies no longer required to hire international accounting firms for audits.
SAFE sets forth procedures concerning foreign exchange matters in the restructuring of foreign-invested banks.
Only construction projects of a significant investment amount are now subject to health scrutiny by the Ministry of Health.
Approval of sales agency qualifications for China civil air transport delegated to the China Air Transport Association from CAAC.
Anti-monopoly filings required before conducting mergers or acquisitions.
