Updated Tax Exemptions for Importing Advanced Technologies and Equipment
Apr. 27 – In accordance with Financial Tariff Circular [2009] No. 55, the Ministry of Finance, General Administration of Customs, and the State Administration of Taxation recently updated Financial Tariff Circular [2010] No. 17, effective April 15. Major updated content is as follows: Imported products and equipment which meet the requirements of the “Tentative Regulations […]
New Circular Sets Management Restrictions for Corporate Legal Representatives
Apr. 26 – The State Administration for Industry and Commerce (SAIC) recently issued a notice on improving management restrictions for corporate legal representatives to strengthen information management and enhance enterprises’ credibility awareness. Circular (2010) No. 82 clarifies the limitation and restriction of representatives in accordance with the “Company Law,” “Management Approach of Company Registration,” and […]
Shanghai Court Awards Record IP Damages to Microsoft
Apr. 24 – Microsoft has been awarded the largest ever amount in intellectual property damages in China after a local court in Shanghai ruled that Dazhong Insurance, a state-backed insurer, was guilty of using pirated copies of Microsoft software. The court awarded Microsoft RMB2.17 million (US$318,000). This marks the first successful case that Microsoft has […]
Market Entry Qualifications for Printing Houses Updated
Apr. 23 – To speed up the adjustment of China’s industrial structure, better regulate market entry and promote efficient energy use, the Ministry of Industry and Information Technology recently updated regulations regarding the market entry qualifications for printing businesses. The updated regulations focus on improving enterprise production layout, processing equipment requirements, quality and management control, […]
Suzhou Government to Grant Incentives for Headquarter Enterprises
Apr. 22 – The Suzhou municipal government recently released investment incentives to speed up the economic growth of headquarter enterprises in the city starting in May. Under the municipal industry policy, qualified headquarter enterprises setting up in Suzhou can enjoy a one-time subsidy of 1 to 3 percent – depending on registered investment capital – […]
Lobbying China to Alter Regulations and Improve Sales
Op-Ed Commentary: Chris Devonshire-Ellis Apr. 22 – A little explored but useful function that the more established consulting firms are able to assist with is in the field of Chinese regulatory systems and the ability to assist with lobbying to have these changed in favor of new products. As Chinese law evolves, many aspects of […]
Beijing Bans Unapproved Property Deposit Taking
BEIJING, Apr. 22 – In additional moves to quell the rampant increases in China’s property market, Beijing has banned the taking of any deposits for properties unless they are officially approved prior to the application. The move to tighten pre-sale rules bans developers from taking deposits from prospective buyers of uncompleted homes until the developer […]
China May Change Accreditation Criteria for ‘Indigenous Innovation Products’
Apr. 21 – China reconsidered some criteria for its “indigenous innovation products” under Notice 618, and drafted a new notice on April 9 which should help to alleviate some concern among foreign investors over government restrictions on foreign investment on the mainland. Jointly issued by the Ministry of Science and Technology, the National Development and […]