Legislation

The Interpretation elaborates the definition of terms mentioned in the PRC Property Law such as owner, exclusively-owned parts, parts owned in common and materially interested owners.

The Measures set forth the procedure for establishing a consumer finance company. The minimum registered capital required is Rmb300 million.

The Circular clarifies the determination of the taxable income derived from stock appreciation rights and restricted stock.

The revised Policy removes the Articles on the reporting of import of automobile parts and components that constitute the characteristics of a whole vehicle.

Closer monitoring of secondment of expats to China.

Pricing for exchangeable bonds made clear.

Sasac restricts state-owned shareholders from reducing shareholdings.

More scrutiny of banks' M&A activity.

China issue rules to regulate provision of financial information services by foreign organisations.