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Archive for August, 2009

Decision of the National People’s Congress on Amending the Law of the People’s Republic of China on Chinese-Foreign Equity Joint Ventures

August 25th, 2009 No comments

Decision of the National People’s Congress on Amending the Law of the People’s Republic of China on Chinese-Foreign Equity Joint Ventures

The Decision of the National People’s Congress on Amending the Law of the People’s Republic of China on Chinese-Foreign Equity Joint Ventures, adopted at the Fourth Session of the Ninth National People’s Congress of the People’s Republic of China on March 15,2001, is hereby promulgated and shall go into effect as of the date of its promulgation.

Jiang Zemin

President of the People’s Republic of China

March 15,2001
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Categories: Investment Tags:

Supplementary Circular of the State Administration of Foreign Exchange on Relevant Matters about Investing in the B Stocks by the Domestic Residents

August 24th, 2009 No comments

Supplementary Circular of the State Administration of Foreign Exchange on Relevant Matters about Investing in the B Stocks by the Domestic Residents

All the head banks of domestic-funded designated foreign exchange bank:

The relevant supplementary matters are now notified as follows in order to implement the Circular on Several Matters about Investing in the B shares by the Domestic Residents (hereinafter referred to as the Circular), and to do good management of the foreign exchange invested in the B-shares by the domestic residents:

1. The source of the capital invested in the B-shares
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Categories: Investment Tags:

China Securities Regulatory Commission, Administration of Offerings of New Shares by Listed Companies Procedures

August 24th, 2009 No comments

China Securities Regulatory Commission, Administration of Offerings of New Shares by Listed Companies Procedures

Article 1 These Procedures have been formulated pursuant to the Company Law, the Securities Law and other related laws and administrative regulations, in order to regulate the offering of new shares by listed companies, protect the lawful rights and interests of investors and safeguard the public interest.

Article 2 These Procedures shall apply to the offering of new shares to the public by listed companies.

For the purposes of these Procedures, the term “offerings of new shares to the public by listed companies” means a rights issue of shares to the original shareholders (Rights Issue) and the offering of shares to the general public (Additional Offering).
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Supplementary Circular of the China Securities Regulatory Commission and the State Administration of Foreign Exchange on B-share Business of Securities Brokers

August 24th, 2009 No comments

Supplementary Circular of the China Securities Regulatory Commission and the State Administration of Foreign Exchange on B-share Business of Securities Brokers

Shanghai and Shenzhen Stock Exchange, each relevant securities company, trust and investment corporation:

To Implement Circular on Several Issues Concerning Allowing Domestic Resident Individuals to Invest B-share (Zhengjianfa [2001] No. 22 hereinafter “Circular”), some issues are notified as follows:
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Categories: Investment Tags:

Circular of the State Administration of Foreign Exchange on the Execution of the Circular Concerning the Relevant Issues of Software Exports

August 23rd, 2009 No comments

Circular of the State Administration of Foreign Exchange on the Execution of the Circular Concerning the Relevant Issues of Software Exports

The sub-administrations of the State Administration of Foreign Exchange; the departments of foreign exchange administration of Beijing and Chongqin; and the sub-administrations of Dalian, Qingdao, Ningbo, Xiamen and Shenzhen:

In order to promote the software export enterprises to export their products and earn foreign exchange income, the relevant issues of the execution of item 7) of Article 1 of the Circular Concerning the Relevant Issues of Software Exports (WaiJingMaoJiFa [2000] No.680 ) (hereinafter referred to as the Circular) promulgated jointly by the Ministry of Foreign Trade and Economic Cooperation, the Ministry of Information Industry, the State Administration of Taxation, the General Administration of Customs, the State Administration of Foreign Exchange and the State Administration of Statistics are hereby defined as follows:
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Categories: Tax Tags:

Circular of the State Administration of Foreign Exchange and the General Administration of Customs on Launching a Pilot Project for Network Examining the Verification of Export Collection in Foreign Exchange by Electronic System for Executing Laws at Ports

August 23rd, 2009 No comments

Circular of the State Administration of Foreign Exchange and the General Administration of Customs on Launching a Pilot Project for Network Examining the Verification of Export Collection in Foreign Exchange by Electronic System for Executing Laws at Ports

Shanghai, Tianjin, and Guangzhou Branch of the State Administration of Foreign Exchange (hereinafter SAFE), Beijing Department of the SAFE, Guangdong Branch of the General Administration of Customs (hereinafter GAC), and each Customs directly under GAC:
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Circular of China Securities Regulatory Commission and the State Administration of Foreign Exchange on Issues Concerning Individual Domestic Residents’ Investment in Foreign Currency Stocks Listed in the Domestic Stock Markets

August 23rd, 2009 No comments

Circular of China Securities Regulatory Commission and the State Administration of Foreign Exchange on Issues Concerning Individual Domestic Residents’ Investment in Foreign Currency Stocks Listed in the Domestic Stock Markets

All the Securities Regulatory Offices, Sub-Offices, Representative Offices; all the branches, Beijing and Chongqing Departments of State Administration of Foreign Exchange (“SAFE”); Shanghai and Shenzhen Stock Exchanges; all the commercial banks, securities companies and investment trust companies:

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Categories: Tax Tags:

Official Reply of the State Administration of Taxation on Value Added Tax Relating to Repair and Replacement Business Accepted from Abroad by Enterprises with Foreign Investment

August 22nd, 2009 No comments

Official Reply of the State Administration of Taxation on Value Added Tax Relating to Repair and Replacement Business Accepted from Abroad by Enterprises with Foreign Investment

The Administration of State Taxation of Xiamen City:

“The Report for Requesting Instructions on Exemption of Value Added Tax relating to Repair and Replacement Business Accepted from Abroad by Newly Established Enterprises with Foreign Investment” (XiaGuoShui [2000] No.40), as submitted by your Administration has been received. According to your Report, enterprises with foreign investment established before January 1, 1994 are, in accordance with relevant provisions of the Circular of the State Administration of Taxation on Taxation of Goods Exported by Enterprises with Foreign Investment (GuoShuiFa [1999] No.189 ), exempted from value added tax on their incomes received from airplane repair and replacement business accepted from abroad, and given refund of value added tax already levied on spare parts and materials; there are, however, no definite provisions concerning taxation on similar business taken by enterprises with foreign investment that were established after January 1, 1994. In this regard, this Reply is hereby made after due consideration as follows:
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Circular of the Ministry of Finance on Continuous Implementation of Licence Management for the Assets Appraisal Institution with the Undertaking of Securities

August 22nd, 2009 No comments

Circular of the Ministry of Finance on Continuous Implementation of Licence Management for the Assets Appraisal Institution with the Undertaking of Securities

The finance departments (bureaus), the bureaus (offices) of state-owned assets, the institutes of certified public accountants, the associations of assets appraisal and relevant assets assessment institutions of various provinces, autonomous regions and municipalities directly under the Central Government:

In order to strengthen the management of the assets assessment of securities, the Ministry of Finance and the China Securities Regulatory Commission continue to implement the licence management for the assets appraisal institutions with the undertaking of securities.
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Circular of the Ministry of Foreign Trade and Economic Cooperation, the Ministry of Information Industry, the State Administration of Taxation, the General Administration of Customs, the State Administration of Foreign Exchange and the National Bureau of Statistics Concerning Relevant Questions about Software Export

August 22nd, 2009 No comments

Circular of the Ministry of Foreign Trade and Economic Cooperation, the Ministry of Information Industry, the State Administration of Taxation, the General Administration of Customs, the State Administration of Foreign Exchange and the National Bureau of Statistics Concerning Relevant Questions about Software Export

The commissions (departments, bureaus) of economic and trade of various provinces, autonomous regions, municipalities directly under the Central Government, municipalities separately listed on the State plan, the departments (bureaus, offices) of information industry, the state taxation bureaus, the local taxation bureaus, the bureaus of foreign exchange, the statistics bureaus, Guangdong branch of the General Administration of Customs, all customs directly under the General Administration of Customs, Xinjiang corps of production and construction, all offices of commissioners and chambers of commerce of mechanical and electrical products:
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Categories: Tax Tags: