Legislation

• Announcement on Enterprise Income Tax Issues Relevant to the Payment of Expenses by Enterprises to Overseas Affiliates

  关于企业向境外关联方支付费用有关企业所得税问题的公告

  The tax authority may proceed with an adjustment for any expenses paid to an overseas affiliate not in compliance with the arm's length principle.

  April 02, 2015

• Opinions on Improving the Systems of First Approach and Advance Compensation Payment of Business Operators of the Consumption Stage to Duly Protect the Lawful Rights and Interests of Consumers

  关于完善消费环节经营者首问和赔偿先付制度切实保护消费者合法权益的意见

  Mall, market and platform business operators may be liable for advance payment of compensation to consumers.

  March 26, 2015

• Guiding Opinions on Standardising Names Filed for Cases of Concentrations of Business Operators

  关于规范经营者集中案件申报名称的指导意见

  MOFCOM gives instructions on case naming for anti-monopoly filings.

  March 19, 2015

• Other Recent Legislation in These Two Months

  BankingCircular on the Launching of the Pilot Project for Cross-border Foreign Exchange Payment Business by Payment Institutions关于开展支付机构跨境外汇支付业务试点的通知L3610/15.01.20Environmental…

  March 17, 2015

• State Administration of Foreign Exchange, Implementing Rules for the Measures for the Administration of the Handling of the Settlement and Sale of Foreign Exchange by Banks

  国家外汇管理局银行办理结售汇业务管理办法实施细则

  SAFE eases policy on banks' forex business.

  March 17, 2015

• State Administration of Foreign Exchange, Guidelines for the Foreign Exchange Control on the Insurance Business

  国家外汇管理局保险业务外汇管理指引

  SAFE relaxes access to the foreign exchange insurance market.

  March 17, 2015

• State Administration of Foreign Exchange, Circular on Issues Relevant to Foreign Exchange Control in Connection with Overseas Listing

  国家外汇管理局国家外汇管理局关于境外上市外汇管理有关问题的通知

  Approval requirement of repatriation of offshore listing proceeds lifted.

  March 17, 2015

• China Banking Regulatory Commission, Measures for the Administration of the Leverage Ratio of Commercial Banks (Revised)

  中国银行业监督管理委员会商业银行杠杆率管理办法 (修订)

  CBRC aligns the leverage ratio of commercial banks with Basel III standards.

  March 16, 2015

• Shanghai Head Office of the People's Bank of China, Implementing Rules for the Macro Prudential Administration of Offshore Financing under Separate Accounting and Cross-border Fund Flows in the China (Shanghai) Pilot Free Trade Zone

  中国人民银行行上海总部中国（上海）自由贸易实验区分账核算业务境外融资与跨境资金流动宏观审慎管理实施细则

  Shanghai FTZ relaxes offshore financing.

  March 16, 2015

• Supreme People's Court, Interpretation on the Application of the «PRC Civil Procedure Law»

  最高人民法院关于适用<中华人民共和国民事诉讼法>的解释

  SPC sets forth criteria for instituting public interest cases.

  March 16, 2015