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China's pilot programme for replacing business tax with VAT launched in Shanghai

China - January 19 2012 On 17 November 2011, the Ministry of Finance ("MOF") and the State Administration of Taxation ("SAT") introduced a pilot programme in Shanghai to replace Business Tax with Value-added Tax ("VAT") commencing 1 January 2012....

Rachel Li, Diederik Maessen, Geert Potjewijd, Gang Zhai.


China's 2011 foreign investment industrial guidance catalogue

China - January 19 2012 In order to bring foreign investments into close alignment with China's policy goals, the Foreign Investment Industrial Guidance Catalogue ("Catalogue"), jointly issued by China's National Development and Reform Commission ("NDRC") and Ministry of Commerce ("MOFCOM"), was most recently amended on 24 December 2011....

Rachel Li, Diederik Maessen, Geert Potjewijd, Gang Zhai.


MOFCOM’s conditional approval for SeagateSamsung's merger

China - January 19 2012 Companies engaged in M&A transactions involving the Chinese market will need to take into account that the Chinese anti-trust regulator MOFCOM is increasingly taking decisions that deviate from the positions taken by other anti-trust regulators....

Rachel Li, Diederik Maessen, Geert Potjewijd, Gang Zhai.


China launches RMB qualified foreign institutional investor scheme

China - January 19 2012 China recently took a further step to internationalise its currency....

Rachel Li, Diederik Maessen, Geert Potjewijd, Gang Zhai.


China allows foreign direct investments in RMB

China - October 27 2011 Foreign companies that hold RMB deposits outside of China can now use those offshore RMB amounts for foreign direct investments into China....

Rachel Li, Diederik Maessen, Geert Potjewijd.