China released the "Interim Measures on Administrating Interbank Certificates of Deposit" over the weekend as a guideline for financial institutions issuing and trading certificates of deposit (CDs) in the interbank market. Detailed information can be found here.
The People's Bank of China released the "Opinions on Leveraging the Role of Finance in Supporting the Construction of Shanghai Free Trade Zone" on December 2, which puts forward the detailed financial reform guidelines to support the Shanghai Free Trade Zone. Detailed information can be found here.
Shanghai released the "Provisional Measures on the Administration of Wholly Foreign-owned Medical Institutions in China (Shanghai) Pilot Free Trade Zone" on November 13, which specifies the requirements and application materials for foreign investors who wish to set up a wholly foreign-owned medical institution in the Shanghai Free Trade Zone. Detailed information can be found here.
China released the "Announcement on Issues concerning the Value-Added Tax and Consumption Tax of Exported Goods and Services" on November 13, which clarifies issues related to the value-added tax and consumption tax of exported goods and services. Detailed information can be found here.
China released the "Announcement on Issues concerning the Registration and Declaration of Cultural Undertaking Development Fee under the Value Added Tax to Business Tax Pilot Conversion" on November 11, which clarifies the registration and declaration issues of the cultural undertaking development fee under the nationwide tax reform. Detailed information can be found below.