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Results: 1-10 of 69

Online games regulatory update GAPP strikes back in jurisdiction wars

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China
  • -
  • October 21 2009

The approval regime for online games in China continues to evolve at speed, as the next chapter in the saga of overlapping jurisdiction of the Ministry of Culture ("MOC") and the General Administration of Press and Publication ("GAPP") unfolded last weekend, just in advance of the Game Developers Conference in Shanghai on October 12 and 13

China encourages private investment in telecommunications industry

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China
  • -
  • August 1 2012

On June 27, 2012, the Ministry of Industry and Information Technology of China (“MIIT”) issued the Implementing Opinions to Encourage and Guide Further Investment of Private Capital in the Telecommunications Industry (“Opinions”

Foreign direct investment using offshore renminbi enabled

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China
  • -
  • December 9 2011

The Ministry of Commerce ("MOFCOM") issued the Circular on Issues Concerning Cross-border RMB Direct Investment (the "Circular") on October 12, 2011

China's new QFII rules issued in July 2012

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China
  • -
  • September 4 2012

On July 27, 2012, the China Securities Regulatory Commission ("CSRC") promulgated the Regulations on the Relevant Issues Relating to the Implementation of the Administrative Measures on Securities Investment by Qualified Foreign Institutional Investors ("QFII") within the People's Republic of China (the "New QFII Rules"), which took effect immediately and superseded the existing notice on the same subject issued by CSRC on August 24, 2006

New regulations on corporate income tax on gains from transfers of equity interest by non-resident enterprises

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China
  • -
  • January 29 2010

In an attempt to strengthen regulation of corporate income tax ("CIT") on gains from transfers ("Transfers") by non-tax resident enterprises ("NTREs") of equity interest in tax resident enterprises ("CTREs"), on December 10, 2009, the State Administration of Taxation issued Guoshuihan 698

H-share dividends and PRC individual income tax

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China, Hong Kong
  • -
  • November 4 2011

On July 4, 2011, the Hong Kong Inland Revenue Department (“IRD”) issued a press release announcing that it has received a reply (the “Reply”) from the PRC State Administration of Taxation (“SAT”) to IRD’s question on PRC withholding tax in relation to dividends distributed by PRC companies listed in Hong Kong (“H Share Companies”) to Hong Kong and other overseas individual investors

New regulations targeting unfair competition and data protection in the Internet sector in China

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China, USA
  • -
  • March 1 2012

On December 29, 2011, the Ministry of Industry and Information Technology ("MIIT") promulgated the "Certain Provisions on the Regulation of the Market for Internet Information Services" (the "Provisions"), which will come into effect on March 15, 2012

Can arbitrations still occur in China following recent CIETAC announcement?

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China
  • -
  • September 24 2012

The recent announcement by CIETAC (China International Economic and Trade Arbitration Commission) of suspending authorization to its Shanghai and Shenzhen branches for conducting arbitrations raises serious questions for investors seeking to arbitrate in China through CIETAC

China Telecom, China Unicom promise reforms in response to government probe

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China
  • -
  • December 9 2011

With the hope of terminating an ongoing government probe into pricing practices that could leave them liable for fines of up to ten percent of their operating revenues, China Telecom (CT) and China Unicom (CU) pledged improvements last Friday to the quality of network interconnection as well as price reductions for competitors that seek access to the CT and CU broadband networks

Additional requirements for Hong Kong listings involving VIE structures

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • China, Hong Kong
  • -
  • January 16 2012

In 2005, the Hong Kong Stock Exchange (“Exchange”) issued a listing decision analyzing whether a listing applicant using the variable interest entity structure (“VIE Structure”) through multiple contractual arrangements (“Control Contracts”) in the conduct of its business in the People’s Republic of China (“PRC”) was suitable for listing in Hong Kong

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