Law Digest

Terminates the use of 12 full months as the tax year for foreign investment enterprises, except for approved FIEs.

Requires the disclosure of financial and accounting reports, risk management, corporate governance and largest shareholders, changes in registered capital, and M&A.

Issued: May 28 2002Main contents: The Guidelines stipulate that the accumulative external investments (including the investment capital raised by the current…

Deals with the resumption of the issue of new shares to investors in the secondary market after technical suspension.

Preferential treatment to Chinese investors investing in Beijing.

Clarifies the 2001 Tentative Procedures, particularly in its application, approval requirements, and the provision of additional online businesses.

Different rules on general provisions and class-specific provisions.

Process to submit application for telecom construction; also competition regulations for telecom operators.

Directs the transfer of assets formed with state funds or assets not used in the bankrupt enterprise's operation.