Aug. 28 – Public Security Bureau sources close to Dezan Shira & Associates have indicated that additional requirements for the issuing of working visas in China have been put in place. These could include a certification of “no criminal record” to be issued by immigration agencies of foreign governments, on which an official statement must[…..]
Aug. 15 – Our new Technical Guide to China IPR has just been published and is available now, priced US$25 plus p&p from firstname.lastname@example.org or via our online bookstore. The book, the seventh and latest addition to our expanding and highly popular series on China legal and tax matters, was produced in association with Austria[…..]
Aug. 6 – The State Council has released the first set of specific guidelines for the new Anti-Monopoly Law which took effect August 1. The regulation requires mergers and acquisitions with a total global revenue of more than RMB10 billion or a China revenue of RMB2 billion to report to authorities. The law also covers[…..]
Aug. 1 – China’s new anti-monopoly law is set to take effect today. The law hopes to protect market competition by regulating price-fixing and other forms of collusion, and providing for investigation and prosecution of such practices. The law will prohibit three kinds of monopoly acts: reaching monopolizing agreements; abusing a dominant market position; and[…..]
SHANGHAI, July 30 –The municipal government of Shanghai has announced new regulations in an effort to urge more top multinational companies to establish regional headquarters in the city. The regulations will qualify a newly registered company to get funding from the Shanghai government during its start-up period and preferential rental policy. In addition, it will[…..]
By Helen Liu July 25 – Due to RMB appreciation as well as the large amounts of hot money illegally flowing into China, the State Administration of Foreign Exchange has released new regulations to further control the movement of foreign exchange. The regulations, released on July 2, 2008, will seriously affect businesses cash flow in[…..]
July 25 – In November 2007, the Ministry of Finance and the China Appraisal Society jointly announced an asset appraisal standards system, comprising 15 appraisal standards. The standards system comprises two parts: professional ethics standards and business standards. The business standards are classified into four categories: basic standards, detailed standards, valuation guidelines, and guiding opinions.
July 8 – Over the last two months, China has tightened up its visa policies, drawing widespread concern from the business communities across China and in Hong Kong. Tourist visas now require round-trip air bookings and confirmed reservations at hotels in the destination city, students are having trouble obtaining visas to study in Beijing, and[…..]