Legislation

• Measures for the Administration of Pilot Consumer Finance Companies

  消费金融公司试点管理办法

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

  October 10, 2009

• Circular on Relevant Individual Income Tax Issues on Equity Incentives

  关于股权激励有关个人所得税问题的通知

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

  October 10, 2009

• Automotive Industry Development Policy (Revised)

  汽车产业发展政策 (修订)

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

  October 10, 2009

• State Administration of Taxation, Several Specific Measures on Further Strengthening the Administration of the Levy and Collection of Taxes

  国家税务总局进一步加强税收征管若干具体措施

  Closer monitoring of secondment of expats to China.

  September 04, 2009

• State-owned Assets Supervision and Administration Commission of the State Council, Circular on Matters Relevant to Regulation of the Offering of Exchangeable Bonds by State-owned Shareholders of Listed Companies and the Offering of Securities by State-controlled Listed Companies

  国务院国有资产监督管理委员会关于规范上市公司国有股东发行可交换公司债券及国有控股上市公司发行证券有关事项的通知

  Pricing for exchangeable bonds made clear.

  September 04, 2009

• State-owned Assets Supervision and Administration Commission of the State Council, Several Opinions on Regulating the Activities of State-owned Shareholders of Listed Companies

  国务院国有资产监督管理委员会关于规范上市公司国有股东行为的若干意见

  Sasac restricts state-owned shareholders from reducing shareholdings.

  September 04, 2009

• Ministry of Commerce, People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission, Measures for Calculation of Business Turnover for the Reporting of Concentrations of Business Operators in the Financial Sector

  商务部、中国人民银行、中国银行业监督管理委员会、中国证券监督管理委员会、中国保险监督管理委员会金融业经营者集中申报营业额计算办法

  More scrutiny of banks' M&A activity.

  September 04, 2009

• State Council Information Office, Ministry of Commerce and State Administration for Industry and Commerce, Provisions for the Administration of the Provision of Financial Information Services in China by Foreign Organisations

  国务院新闻办公室、商务部、国家工商行政管理总局外国机构在中国境内提供金融信息服务管理规定

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

  September 04, 2009

• China Banking Regulatory Commission, Guidelines for the Project Financing Business

  中国银行业监督管理委员会项目融资业务指引

  Special measures provided for risk control of project finance.

  September 04, 2009

• Pudong New Area of Shanghai Municipality, Trial Measures for the Establishment of Foreign-invested Equity Investment Management Enterprises

  上海市浦东新区设立外商投资股权投资管理企业试行办法

  Private equity and venture capital companies allowed registration in Shanghai.

  September 04, 2009