Category: Law & Regulation

Shenzhen has been granted permission by the central government to open market access to foreign investors in service sectors at a rate faster than was agreed under China’s accession to the World Trade Organisation. The 20 sectors to be opened include financial services, securities, ports, hospitals, procurement centres, tourism and logistics, according to a report […]

Finance minister Xiang Huaicheng has said that tax rates for foreign-invested and domestic enterprises in China will be unified next year, the Financial Times reported. However, officials have said that tax concessions agreed before the unification would not be affected. The policy shift, which the minister said was necessary to fund social welfare costs, would […]

China has carried out 19 anti-dumping investigations since 1997 and imposed additional import duties ranging from 4 to 78 per cent in six cases, Xinhua reported. The six cases covered products from the chemical, chemical fibre, steel, paper-making and light industries sectors. The figures were revealed by Wang Shichun, head of the fair trade bureau […]

A total of 74 Chinese companies raised Yn46.1bn in initial public offerings on domestic and foreign markets in 2001, a fall of per cent on the previous year, according to the China Securities Regulatory Commission. Mainland companies, including those already listed, raised a total Yn116.8bn in selling new shares in 2001, reported Xinhua. The downturn […]

Justice minister Zhang Fusen has announced the introduction of a unified law examination. It is intended to improve professional and educational standards in a system where only half the 110,000 lawyers working in China hold law degrees. The first examination will be held at the end of this month. By mid-February, more than 360,000 future […]