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China newsletter - Spring 2013

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • April 10 2013

To deepen government reform and improve government efficiency, the State Council of the People's Republic of China recently released the Plans for

New provisions on domestic securities investments by QFII

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • December 10 2012

For the purpose of further implementation of the Regulations on Domestic Securities Investments by Qualified Foreign Institutional Investors (“QFII Regulations”), the China Securities Regulatory Commission (CSRC) issued the Provisions on Certain Issues Concerning the Implementation of the Regulation on Domestic Securities Investments by Qualified Foreign Institutional Investors (“QFII Provisions”) on July 27, 2012, which took effect the same day

MOFCOM further improves the administration of commercial franchising

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • December 10 2012

For the purpose of further implementation of the Administrative Regulations on Commercial Franchising (Order of the State Council 2007 No. 485), the Administrative Measures for the Record Filing of Commercial Franchising (Order of the Ministry of Commerce 2011 No. 5) and the Measures for the Administration of Information Disclosure of Commercial Franchising (Order of the Ministry of Commerce 2012 No. 2), the Ministry of Commerce (MOFCOM) issued the Circular of the General Office of the Ministry of Commerce on Further Improving the Administration of Commercial Franchising (“Franchising Circular”) on August 17, 2012, which took effect on the same day

New measures proposed for the protection of the environment

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • December 10 2012

The Amendments to the Environmental Protection Law of the People’s Republic of China (Draft for Comments) (“Draft Environmental Amendments”) were published by the Standing Committee of the National People's Congress on August 31, 2012

China clarifies VAT policies in transportation and modern services industries

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • December 10 2012

The State Administration of Taxation and the Ministry of Finance jointly released the Supplementary Circular on Several Tax Policies Relating to the Conversion of Value Added Tax to Business Tax in Transportation and Modern Services Industries (“Supplementary VAT Circular”) on June 29, 2012, which takes effect retrospectively on January 1, 2012

China expands VAT reform to eight additional provinces and cities

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • December 10 2012

The State Administration of Taxation and the Ministry of Finance jointly released the Circular on Launching the Pilot Program Relating to the Conversion of Value Added Tax to Business Tax in Transportation and Modern Services Industries in 8 Provinces and Cities (the “VAT Circular”) on July 31, 2012, which took effect the same day

Measures to accredit the qualified key software enterprises and integrated circuit design enterprises

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • December 10 2012

Five Ministries and Commissions jointly released the Circular on the Tentative Administrative Measures on the Accreditation of the Key Software Enterprises and Integrated Circuit Design Enterprises in National Planning Layout (the “Software and Circuit Circular”) on August 9, 2012

China encourages private outbound investment

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • December 10 2012

Following the issuance and implementation of the Opinions of the State Council on Encouraging and Guiding the Healthy Development of Private Investment (Guo Fa 2010 No.13), thirteen Ministries and Commissions jointly released the Circular on Printing and Distributing the Opinions of Encouraging and Guiding Private Enterprises to Actively Engage in Outbound Investment (“Outbound Investment Circular”) on June 29, 2012, to boost outbound investment by private enterprises

China amends rules of establishing securities companies and subsidiaries

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • December 10 2012

The China Securities Regulatory Commission released the Decision on Amending the Rules for Establishment of Securities Companies with Foreign Equity (“Securities Decision”) and the Decision on Amending the Trial Regulations for Establishment of Subsidiaries by Securities Companies (“Subsidiaries Decision”) on October 16, 2012, which took effect on the same day

China amends its civil procedural law

  • Greenberg Traurig LLP
  • -
  • China
  • -
  • December 10 2012

The Standing Committee of the National People's Congress released the Amendments to the Civil Procedure Law of the People’s Republic of China (“Amended CPL”) on August 31, 2012, which become effective on January 1, 2013