PRC Law Updates

Find out all about our firm’s latest PRC Law updates below. To learn more about any individual item, please contact us here.

24 Sep 2015

PRC Law Update

New measures for corporate bonds in the PRC

On 15 January 2015, the China Securities Regulatory Commission (the “CSRC”) implemented the Administrative Measures for Issuing and Trading Corporate Bonds “公司债券发行与交易管理办法” (the “Measures”), which replaced the Measures for Pilot Projects for the Offering of Corporate Bonds “公司债券发行试点办法”.

14 Sep 2015

PRC Law Update

New Foreign Debt policy introduced in the PRC

On 14 September 2015, the National Development and Reform Commission implemented the “Notice on Promoting the Management Reform on the Filing and Registration System for Issuance of Foreign Debt by Corporate Entities” (“关于推进企业发行外债备案登记制管理改革的通知”) (the “Notice”).

14 May 2015

PRC Law Update

Circular on Reforming the Management of the Settlement of Foreign Capital from Foreign-Invested Enterprises (Huifa No. 19 【2015】)

On 30 March 2015, the State Administration of Foreign Exchange of People’s Republic of China (“SAFE”) issued the Circular on Reforming the Management of the Settlement of Foreign Capital from Foreign-Invested Enterprises (《关于改革外商投资企业外汇资本金结汇管理方式的通知》) (Huifa No. 19 【2015】) in which it announced that from 1 June 2015 onwards, new legislation for reforming the management of the settlement of foreign capital from foreign-invested enterprises will become effective in the whole country.

31 Mar 2015

PRC Law Update

Promulgation of Catalogue of Industries for Guiding Foreign Investment (2015 Revision)

The Catalogue of Industries for Guiding Foreign Investment (2015 Revision) has been promulgated by National Development and Reform Commission and the Ministry of Commerce, and will come into force on 10 April 2015. Simultaneously, the 2011 Revision shall be repealed.

18 Mar 2015

PRC Law Update

“Announcement of the State Administration of Taxation on Issues Relating to Corporate Income Tax on Expenses Paid by an Enterprise to its Overseas Affiliated Party” was promulgated on 18 March 2015

The State Administration of Taxation promulgated the “Announcement of the State Administration of Taxation on Issues Relating to Corporate Income Tax on Expenses Paid by an Enterprise to its Overseas Affiliated Party” (“the Notice”) on 18 March 2015.

3 Feb 2015

PRC Law Update

On February 3, 2015, the State Administration of Taxation of People’s Republic of China issued the “Announcement on Issues Concerning Nonresident Enterprise Indirect Transfer of Property Enterprise Income Tax” (2015 Bulletin No. 7, “Bulletin 7″)

Bulletin 7 is to be effective on February 3, 2015 and concurrently, article 5 and 6 of the “Notice on Strengthening the Administration of Enterprise Income Tax on Income from the Transfer of Shares by Nonresident Enterprises” (Guoshuihan [2009] Circular No. 698, “Circular 698”) are repealed.