Legislation

The Provisions set forth criteria for a people's court to accept a petition of a shareholder or shareholders to dissolve the company.

The Circular sets forth the criteria for asset appraisal firms applying for securities and futures-related business valuation qualifications.

Recent legislative activities from China

Return of leaseholds exempted from business tax.

Foreign enterprises pay income tax according to the Gregorian calendar year.

Threshold for recognition as material asset reorganizations raised.

Criteria for board resolution on material asset reorganization further detailed.

33 types of documents required for information disclosure for material asset reorganizations.

Credible import/export enterprises exempted from customs inspection.