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    China’s Securities Commission Orders Audit of All Foreign Financial Institutions

    BEIJING, Oct. 10 – The China Securities Regulatory Commission has requested unofficial “audits” of all foreign financial institutions operating in the country, amid concerns that an overseas bank failure could lead to the global credit crisis spilling over the mainland. The decision also includes Hong Kong banks as well as international entities. CSRC has ordered[…..]

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    All Foreign-Funded Companies in China to be Unionized by 2009

    Oct. 8 – According to an official from the All-China Federation of Trade Unions (ACFTU), ninety percent of foreign-funded companies in China will be unionized by the end of this year; eventually all foreign-funded companies will have trade unions by 2009. Wang Ying, a division chief of the grassroots organizations and capacity for ACFTU told[…..]

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    October Issue of China Briefing Out Now

    Oct. 1 – The October issue of China Briefing magazine is out now and available for download (click on the image – subscription required however this is complimentary. Autumn represents the busiest time of year for trade fairs events, coinciding with increased concerns amongst overseas participants of protection of trademarks and patents. We examine the[…..]

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    China Releases Implementation Regulations for Labor Contract Law

    By Cathy Gao SHANGHAI, Sept. 24 – China’s State Council has released the implementation regulations for the new Contract Labor Law. While the labor law was hailed as a landmark step in protecting employee’s rights, many complained it only served to increase a company’s operational cost. A brief rundown of the new regulations: If an[…..]

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    China Dissolves Stamp Duty on Stock Purchases

    Sept. 19 – Starting today, the stamp duty on stock purchases will be abolished in an effort to rescue the falling domestic stock market. The move to dissolve the 0.1 percent was done, “to encourage market confidence,” reported Xinhua. The new rule does not include sellers of shares which are still required to pay the[…..]

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    China Reduces Import Taxes on Equipment Spare Parts

    Sept. 16 – China has reduced import taxes on spare parts of large equipment in an effort to aid domestic manufacturing. Taxes paid by domestic manufacturers of large equipment for imports made after Jan. 1, 2008 will be refunded. These include key spare parts of large equipment such as ultra- and extra-high voltage transmission equipment[…..]

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    China to Issue One Year Multi-Entry Business Visas “After the October National Holiday”

    Sept. 12 – Sources close to China’s Public Security Bureau have told Dezan Shira & Associates that China will relax its current strict visa issuance policies for business visas following the national holiday in October. Beginning in the second week of October, China will start issuing one year multi-entry F visas, making it far more[…..]

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    China Bans Coal-to-Oil Projects

    Sept. 11- China’s National Development and Reform Commission (NDRC) has released a notice on its website immediately banning converting coal to liquid fuels (CTL) projects except those by Shenhua, the country’s largest coal producer and a joint venture between Shenhua and South Africa’s Sasol. As far back as 2006, the agency had already issued a[…..]

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