Legal & Regulatory

Beijing Orders Banks To Increase Bad Debt Reserves

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Jul. 22 – The chairman of  China’s Banking Regulatory Commission (CBRC), Liu Mingkang, has told all mainland-based banks, and some overseas banks such as HSBC and Citigroup to increase their bad-debt loan reserves by 150 percent by the end of this year. That means that banks are now being required to be set aside an […]

China Briefing Books Now Downloadable in PDF

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Jul. 20 – The complete series of China Briefing’s popular legal, tax and regional guides are now available for purchase via PDF downloads here. Published since 2003 and regularly updated, available titles include guides to the legal procedures and investment implications of establishing Representative Offices, Wholly Foreign Owned Enterprises, Joint Ventures, Mergers & Acquisitions, Intellectual […]

Shenzhen Releases New Recognition Measures for High-Tech Enterprises

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SHENZHEN, Jul. 10 – The Shenzhen government released the Administrative Measures of Shenzhen for the Recognition of High and New Technology Enterprises earlier this month, laying out two sets of rules regarding the recognition of high-tech enterprises in the city. The measures listed the industries which qualify for high and new technology enterprise status, including […]

First Cross-Border Yuan Trade Settlement Deal Made

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Jul. 6 – The first cross-border yuan trade settlement deal came through today from the Bank of China (BOC), Hong Kong to Bank of China, Shanghai reports Xinhua. The deal is part of a pilot program announced by Beijing last April to ease  cross-border trade deals for Chinese importers and exporters in southern Guangzhou, Shenzhen, […]

WTO Complaints Filed Against Chinese Export Restrictions

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Jun. 24 – Two complaints were filed with the World Trade Organization (WTO)  regarding China’s export restrictions on raw materials, alleging that it gave an unfair advantage to local companies and violated international trade rules. The European Union and the United States submitted separate complaints on the same issue. Ironically, trade complaints against China usually […]

New Food Safety Law Effective this Month

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Jun. 4 – China’s new Food Safety Law China went into effect beginning this month. The law integrates stringent food safety standards to make supervision easier and will require new food licenses for businesses. Food suppliers who already obtained a food sanitation license prior to June 1 can still use the license until expiry date. […]

Shanghai to Subsidize More Environmentally Friendly Cars

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SHANGHAI, Jun. 1 – The local government is encouraging more people to replace their cars and trucks with more environment-friendly models by giving average subsidies of RMB5,000 starting today until April 30, 2010. The measure is part of the city’s efforts to ease pollution and help the local economy for the coming Shanghai 2010 World […]

CEPA VI Continues Economic Liberalization between Hong Kong and the Mainland

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By Joyce Roque HONG KONG, May 20 – Officials from the Chinese mainland and Hong Kong signed the latest supplement to the Closer Economic Partnership Arrangement (CEPA) last May 9 to further ease economic activities between the two. The agreement is set to take effect on October 1, 2009. CEPA VI’s measures aims to improve […]

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