Sit Fung Kwong & Shum

2005 China Watch

1. 2. 3. 4.	The Supreme People's Court solicits public opinions on four draft judicial interpretations Provisional Measures for the Administration of Venture Capital Enterprises Notice of Issues Concerning the Implementation of Supplement II to the Mainland and Hong Kong Closer Economic Partnership Arrangement and Supplement II to the Mainland and Macau Closer Economic Partnership Arrangement Approved by the State Council Measures for Compulsory Licence for Exploitation of Patent Concerning Public Health Problems	Dec 2005
1. 2. 3. 4.	New law breaks the deadlock for private enterprises to "be listed as red-chip" Company Law of the People's Republic of China (Revision in 2005) The Law of the People's Republic of China on Individual Income Tax (Third Revision in 2005) Reply of the State Administration of Taxation on Issues Concerning the Tax Refund on Reinvestment by Foreign Investors	Nov 2005
1. 2. 3. 4. 5.	State Administration for Industry and Commerce promulgated the new Rules for Trademark Review and Adjudication to be implemented on 26th October Mainland and Hong Kong sign an agreement on CEPA III Measures for the Administration of the Reform on the Tradable and Non-Tradable Shares Structure of Listed Companies Notice on Issues Concerning the Administration and Verification Procedures for State Shares in the Reform on the Tradable and Non-tradable Shares Structure of Listed Companies Reply Letter Concerning Taxation Issues on Compulsory Enforcement against Property by the People's Court against a Person Whom a Judgment is Enforced	Oct 2005
1. 2. 3.	Notice of the State Council on Several Decisions on the Entry of the Non State-Owned Capital into the Cultural Industry Notice of State Administration of Foreign Exchange on Adjusting the Administration of Overseas Financial Guarantees Provided by Domestic Banks to Overseas-invested Enterprises Provisional Measures for the Administration of Valuation of State-owned Assets of Enterprises	Sep 2005
1. 2. 3.	Notice on Issues Concerning the Relaxation of Retention of Foreign Exchange Income in Current Accounts of Domestic Organizations Promulgation of Notice on the Guidelines on the Work concerning the Relationship between Listed Companies and Investors Regulations for the Administration of Commercial Performances	Aug 2005
1. 2. 3. 4. 5.	Soliciting Public Opinion on the Draft of the Law of Proprietary Rights Notice on Adjusting the Areas of Registration of and Authority over some of the Foreign-invested Enterprises Regulations for the Administration of the Employment of Taiwan, Hong Kong and Macau Residents in the Mainland Measures for Administration of Buyback of Public Shares by Listed Companies (Trial) Interpretation by the Supreme People's Court on Issues Concerning Applicable Laws for Trial of Cases on Disputes over Contracts Involving State-owned Land Use Right	July 2005
1. 2. 3. 4. 5.	China Securities Regulatory Commission has approved the second batch of trial companies for the reform on tradable and non-tradable shares Notice on Issues Concerning Expanding the Trial Reform on Foreign Exchange Administration of Overseas Investment (the "Notice") Measures for the Administration of Examination and Approval of Assets Valuation Institutions Notice on Issues Concerning Taxation Policies in the Trial Reform on the Tradable and Non-Tradable shares structure Notice on Further Strengthening the Administration of Tax Revenue on Real Estate	June 2005
1. 2. 3. 4.	Sales of State-owned shares in listed companies The trial reform on the split-share structure in the PRC has been commenced Provisional Regulations for Transferring State-owned Property Rights of Enterprises to Management A System of Preliminary Report of Overseas Merger and Acquisition of Enterprises Supplemental Regulations to the Provisional Regulation on Investment in Cinemas by Foreign Investors, Supplemental Regulations to the Provisional Regulations on Qualification To Operate Film Enterprises	May 2005
1. 2. 3. 4.	The 9th Investment and Trade Forum for Co-operation Between Eastern and Western China in Xi'an A reply to the Letter from the Ministry of Commerce Requesting an Interpretation on the Specific Application of Certain Administrative Regulations and Provisions Concerning Capital Contribution by Parties to Sino-foreign Joint Venture Enterprises and Liquidation of Foreign-invested Enterprises Provisional Measures for Filing of Records of International Freight Forwarder Enterprises Provisional Measures for the Administration of Projects Financed by Loans from International Financial Institutions and Foreign Governments	Apr 2005
1. 2. 3. 4.	Real property tax on a trial basis may be implemented in some cities during this year. Notice on Taxation Policies on the Enterprises Implementing Debt-for-Equity Swap Measures for Tender for Materials of Construction Projects Measures for the Administration of Leasing Industry with Foreign Investments	Mar 2005
1. 2. 3. 4.	Adjustment on the limit of Renminbi to be carried on entry and departure Notice of Improving the Administration of Foreign Exchange on Merger and Acquisition with Foreign Funds Measures for the Administration of Insurance Protection Funds Regulations for Collective Administration of Copyright	Feb 2005
1. 2. 3. 4.	Implementation of the Foreign Investment Industrial Guidance Catalogue (Amendment 2004) on 1st January 2005 Measures of Auction Administration Notice of State Administration of Foreign Exchange on Foreign Exchange Administration of Financial Assets Management Companies Employing Foreign Investment in Disposal of Non-performing Assets Several Provisions on Strengthening Protection of Rights and Interests of Shareholders of Public Shares	Jan 2005

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