On October 28, 2015, the Ministry of Commerce of People’s Republic of China issued the Decision of the Ministry of Commerce on Revising Certain Regulations and Normative Documents (“Decision”), which took effect on the same day. The Decision aims to deepen the reform of foreign investment enterprises (“FIE”) in respect of registered capital registration system…

On October 02, 2015, State Council of People’s Republic of China (the «China») released Opinions of the State Council on the Implementation of the Market Access Negative List (the “Negative List”) System (the «Opinions»). The Draft will come into effect as of December 1, 2015 and shall remain in force till December 31, 2017. The…

On July 15, 2015, the Supreme People’s Court has issued the Reply on the Request of the Shanghai High People’s Court for Instructions on the Cases Involving the Judicial Review of Arbitration Awards Made by the CIETAC and its Former Sub-Commissions (the «Reply»). The Reply, once taking into effect dated on July 17, 2015, will…

On December 7, 2014, the State Administration of Taxation has issued the Measures for Administration of Individual Income Tax on Income Derived from Equity Transfer (for Trial Implementation) (the «Measures»). The Measures, once taking into effect on January 1, 2015, will abolish the Notice of the State Administration of Taxation on Strengthening Administration of the…

On December 2, 2014, the State Administration of Taxation (“SAT”) issued the Administrative Measures on the General Anti-Avoidance Rule (for Trial Implementation) (the “Measures”), which will be effective on February 1, 2015. Although principles on the application of general anti-avoidance rules (“GAAR”) were included in Corporate Income Tax Law of People’s Republic of China (“CIT…

On October 31, 2014, the State Council issued the Circular on promulgating the Catalogue of Investment Projects Approved by the Government (2014 Version) (the «New Catalogue»), which took effect on the same day. The New Catalogue has superseded the Catalogue promulgated on December 2, 2013 (the «Old Catalogue»). Compared to the Old Catalogue, several changes…

On September 6, 2014, the Ministry of Commerce («MOFCOM») issued the Outbound Investment Management Rules (the «Rules»), which took effect on October 6, 2014. The Rules have replaced old MOFCOM regulations regarding Chinese outbound investment projects. On April 8 2014, the National Development and Reform Commission («NDRC») issued a regulation regarding measures for the administrative…

On June 17, 2014, the Ministry of Commerce of China issued a notice regarding the improvement of review & approval and statistical rules of foreign investment in China (the “Notice”) and the Notice shall take effect as of its promulgation date. The Notice revised several important issues regarding the review and approval of registration of…

On April 24, 2014, the Standing Committee of China’s National People’s Congress (“NPC”) approved to adopt the amendment to the Environmental Protection Law (the new “EPL”), the first amendment since the original EPL was enacted 25 years ago. It will take into effect on January 1, 2015. With 70 articles compared with 47 in the…

The China Securities Regulatory Commission (“CSRC”) and the Securities and Futures Commission (“SFC”) have approved, in principle, the development of a pilot programme for establishing mutual stock market access between Mainland China and Hong Kong in order to promote the common development of the capital market. It will take around six months to formally start…