Legal & Regulatory

China’s FDI Statistics Up 7.7 Percent in the First Quarter of 2010

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Apr. 15 – Foreign direct investment to China increased 7.7 percent year on year in the first quarter of 2010, up to US$23.44 billion, according to figures released by the Ministry of Commerce. The number of newly-established foreign-funded enterprises amounted to 5,459 in the past three months, an increase of 19.87 percent from the corresponding […]

ADB Raises China’s GDP Growth Forecast to 9.6%, Highlights Challenges

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Apr. 14 – The Asian Development Bank released its Asia Development Outlook 2010 on Tuesday, raising China’s GDP growth forecast to 9.6 percent, up from the 8.9 percent estimate made last September. The bank lowered its forecast for 2011 to 9.1 percent in anticipation of expected monetary tightening policies. The growth rate for fixed asset […]

AmCham China-American Bar Association Representative Office Legal and Tax Seminar

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BEIJING, Apr. 14 – With the status of China-based representative offices going through tax and regulatory changes, AmCham China and the American Bar Association are jointly holding an event in Beijing to examine the regulations governing foreign representative offices. The event, which will be held on Tuesday, April 20 from 3:30-5:30 p.m. in the AmCham […]

China Releases New Regulations for Foreign Investment

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BEIJING, Apr. 14 – China’s State Council released new foreign investment regulations on Tuesday, aiming to both promote a good business climate while also cutting funds to projects which harm the environment. The new policies will continue to support Chinese A-share listed companies in promoting domestic and foreign investment. The guidelines will also standardize foreign […]

Shanghai Plans Property Tax to Curb Housing Prices

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SHANGHAI, Apr. 12 – The city government of Shanghai may impose a property tax on investors owning multiple properties, aiming to curb price gains and moderate the housing market. The government has already completed the basic outline of the property tax, which targets speculative investors owning more than one property for capital appreciation, together with […]

Derivatives Trading may Make China Busiest Futures Market

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Apr. 12 – China’s increased trading in equities from index futures may help China to surpass the United States as the world’s busiest stock market. According to the China Financial Futures Exchange, China will start trading of contracts based on the CSI 300 Index on April 16, tracking the 300 biggest stocks on the Shanghai […]

Notice on Refund Policy of General Small Trade across Border Areas

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Apr. 8 – China’s State Council, Ministry of Commerce, General Administration of Customs, and State Administration of Foreign Exchange jointly issued a notice effective March 1 regarding the refund policy for general small trade which is conducted in RMB across border areas. According to the notice, the existing refund policy in Yunnan is now extended […]

Annual Audits for ROs Not Required in Zhuhai

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Apr. 6 – The Zhuhai tax bureau does not require representative offices to undergo an annual audit for tax clearance purposes. As a result of this lack of an audit requirement, ROs in Zhuhai are able to conduct annual tax clearance without an audit report. This regulation in Zhuhai appears to be unique in China. […]

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