Legal & Regulatory

New Regulation on Releasing Financial Info


Apr. 30 – China’s State Council Information Office, the Ministry of Commerce, and State Administration for Industry and Commerce has announced a new regulation regarding the release of financial information in the country by foreign organizations. Effective June 1, the rule will include the approval, investment, supervision and legal responsibilities for foreign organizations in the […]

Hong Kong Announces Strict Measures Against Swine Flu


Apr. 27 – Once the epicenter of a SARS outbreak, Hong Kong,has announced that it would implement strict measures in response to the reported swine flu outbreak in Mexico and the United States. According to the U.S.’s Centers for Disease Control and Prevention, at least 20 cases have been already been confirmed in New York, […]

Food Safety Law to Require Registration for Foreign Importers


Apr. 24 – Following the draft of a new food safety law, foreign food importers will need to register with the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) every four years to ensure the safety of their products. The new law is set to take effect on June 1. A draft implementation rule […]

New Postal Law May Limit Foreign Companies


Apr. 24 – China’s new legislation for postal services may restrict foreign companies from competing with domestic firms. The new Postal Law on the express delivery of documents is currently in its final stages and is expected to be approved soon when the standing committee of the National People’s Congress meet. There is an article […]

China to Restrict F Visas for 60th Anniversary


SHANGHAI, Apr. 22 – In preparation for the 60th anniversary of the founding of the People’s Republic of China, there has been talk that the government may restrict F visas beginning this month. The preparations for a large national celebration of the October 1, 1949 founding are already underway and should Beijing elect to tighten […]

Five Year Tax Exemptions for Media and ‘Cultural’ Industries


Apr. 14 -The Chinese government has announced a preferential tax policy spanning five years to help boost the country’s “cultural  industries.” According to the Ministry of Finance, cultural companies will be qualified for an exemption of value-added tax, business tax or import duties from 2009 to 2013. Cultural companies are defined as those dealing with […]

China to Standardize Rural Land-Use Transfer Rights


Apr. 8 – China is working out the details of implementing a model contract for rural land-use rights transfer to regularize farmland-use rights. The State Administration for Industry and Commerce said that the model will outline the object, time limit, payment, mode and time of payment of the deal in addition to the date of […]

Beijing’s Car Restrictions to Continue for Another Year


Apr. 7 – Beijing’s revised restrictions on cars will continue for another year beginning April 13 and will only be enforced on weekdays not including holidays and weekends. Spokesman for the municipal committee of communications, Wang Zhaorong, said in a press conference that some of the rules were changed to make it easier for residents […]

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