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    China to Raise Tax Rebates on Selected Export Goods

    Oct. 22 – China’s Ministry of Finance said tax rebates on selected export products will be raised beginning November 1; to ease pressure on businesses affected by slowing export demand. This is the second time in three months that China has increased tax rebates for the export industry. Last August 1, tax rebates were increased[…..]

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    American Capitalism, Meet Chinese Socialism. Be Nice.

    By Chris Devonshire-Ellis Oct. 15 – The inevitable has happened; a day or so after the United Kingdom and Europe partially nationalized their banking systems and injected trillions of dollars of taxpayer money in financial institutions, the United States has followed suit with a US$125 billion partial acquisition of nine major American banks. So much,[…..]

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    China Increases Refinancing Threshold

    Oct. 10 – China’s securities regulator said publicly-traded companies will now be required to pay dividends in cash instead of stock, three years before filing their refinancing applications. The regulation should improve long-term investment and aid market volatility. The China Securities Regulatory Commission (CSRC) said: “The listed firms, if applying for refinancing, must pay dividends[…..]

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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[…..]

Showing 8 of 1663 articles