White & Case China Newsletter
November 2008 China Newsletter
Christopher F. Corr, John Hartley, John C. Leary, Vivian Tsoi
Welcome to this month's issue of White & Case's China newsletter, which covers China regulatory updates in the areas of
Below you will find highlights of the topics included in this month's issue, and links to each of these four sections of our newsletter.
China Corporate Bulletin
- CSRC releases Guiding Opinions for Inspectors Supervising Qualified Foreign Institutional Investors
- Supplementary Provisions on Share Repurchase through Centralised Price Competition by Listed Companies released
- CSRC releases Administrative Measures for the Business of Sponsoring the Listing and Issuance of Securities
- Supplementary Provisions for Price-setting of Share Issuance by Listed Companies subject to Major Asset Reorganisations pending public feedback
- CSRC urges listed firms to disclose their non-recurring profits and losses
- Prepayment registration for import contracts
- The Stock Exchange of Hong Kong launches two new listing enforcement initiatives
- Circular to Licensed Corporations regarding Mandatory Electronic Submission of Financial Returns
- Corporate Governance under scrutiny
- General offer trigger and creeper under Takeover Code upheld
- Non-statutory guidelines on Director's Duties
- PRC Enterprises’ State-owned Assets Law Issued
Click here for the complete China Corporate Bulletin (PDF)
China Finance Bulletin
- PBOC reduces deposit reserve ratio, benchmark deposit and lending rates again
- Non-financial companies may resume issuing medium-term notes
- CBRC releases the first new capital agreement monitoring guidelines
- CIRC interprets definition of "affiliated transactions" by foreign insurance firms
- Trials of financing business and securities financing business of securities firms to be launched
- PBOC to strengthen supervision of real estate financing
Click here for the complete China Finance Bulletin (PDF)
Regulation of Business, Trade and Competition in China Bulletin
- Inbev's acquisition of Anheuser-Busch first deal to pass China's new AML
- China initiates First Amendment on the National Compensation Law
- Supreme People’s Court Releases Judicial Interpretations Regarding Execution Procedures for the Civil Procedure Law
- WTO Dispute Settlement Panel issues preliminary ruling on one of two IPR cases brought by the US against China
- Patent Law Developments
- State Council Issues Regulations on Dairy Product Quality and Safety
- China increases export rebate rates for some labor-intensive and high-tech products
- China and Singapore Aim to Implement FTA on January 1, 2009
- NPC Conducts Third Review of the Draft Food Safety Law
- China Unveils RMB 4 Trillion Stimulus Plan to Boost Domestic Demand
- Trade Remedy Cases Involving China
Click here for the complete Regulation of Business, Trade and Competition in China Bulletin (PDF)
China Tax Bulletin
- Revolutionary VAT law change allowing for the full recovery of VAT on fixed assets
- New way of calculating withholding tax - Business tax confirmed non-deductible
- New debt to equity ratios announced
- New rules on inter-company service fees
- VAT refund rates on export adjusted to bolster export
- Long-awaited tax incentive related catalogues issued
Click here for the complete China Tax Bulletin (PDF)
This bulletin is provided for your convenience and does not constitute legal advice. It is prepared for the general information of our clients and other interested persons. This bulletin should not be acted upon in any specific situation without appropriate legal advice and it may include links to websites other than the White & Case website.
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© 2008 White & Case LLP
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