Law Digest

Financial rules for financial enterprises have been updated.

National LegislationACCOUNTINGChinese Institute of Certified Public Accountants, Circular on Duly Handling the Audit of Accounting Statements of Listed…

Mainland financial institutions allowed to issue renminbi-denominated bonds in Hong Kong.

Banking regulatory authorities given more power.

Listed companies required to set up management mechanisms for information disclosure.

The Circular changes the practice of pre-levying land value-added tax to settlement of the land tax after the project is complete.

Hong Kong and Macao lawyers allowed to engage in certain contentious cases in mainland China.

Employers required to file information on hiring and dismissal activities.

National LegislationBANKINGCircular on Regulating the Administration of Record Filing of Non-performing Claims Transferred Overseas by Domestic Financial…