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China resource tax reforms to roll out nationwide

  • Hogan Lovells
  • -
  • China
  • -
  • October 28 2011

On September 30, 2011, the State Council released revisions to the Tentative Regulations of the People's Republic of China on Resource Tax, Regulations of the People's Republic of China on Sino-foreign Cooperative Exploitation of Ocean Oil Resources and the Regulations of the People's Republic of China on the Exploitation of Continental Oil Resources (together the "Revisions"), which will take effect on November 1, 2011

New SAFE circular changes the rules on company financings and round-tripping investments via overseas special purpose companies

  • Hogan Lovells
  • -
  • China
  • -
  • June 16 2011

The State Administration of Foreign Exchange ("SAFE") promulgated the State Administration of Foreign Exchange Circular on Issuing the Operational Rules concerning Foreign Exchange Administration of Company Financings and Round Tripping Investments via Overseas Special Purpose Companies by Residents in China Huifa (2011) No. 19 ("Circular 19") on May 17, 2011