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International Law

China Briefing Blog

Provides news, analysis and commentary on economic, business and regulatory issues in China.
By Andy Scott and Chris Devonshire-Ellis

Post Frequency: 3.4/day

Last Entry: May 25, 2010 at 04:47:32

China Customs Releases 31 Standards for Unit Consumption in Processing Trade

Posted on December 21, 2009
Dec. 22 – China?s General Administration of Customs and the National Development and Reform Commission jointly released a notice on December 10, approving 31 standards for unit consumption in processing trade for 2010. The new standards for unit consumption in processing trade, which are scheduled to be carried out on January 12, 2010, include the ?Standards [...

Shanghai Expo 2010: The Danish Pavilion

Posted on December 20, 2009
The 2010 World Exposition in Shanghai will be the first registered one in a developing country. Officially known as ?Expo Shanghai 2010,? it will last 184 days and provide China an opportunity to show off its remarkable economic growth. The expo will also give foreign nations and companies a chance to further develop business partnerships [...

Dezan Shira & Associates Complete Annual Partners Meeting in Shanghai

Posted on December 18, 2009
SHANGHAI, Dec. 18 – Dezan Shira & Associates held their annual partners and regional managers? conference in Shanghai on Thursday and Friday, with senior personnel from most of the company?s 16 offices in attendance. Reporting a growth in revenues for 2009 of 10 percent, Chris Devonshire-Ellis, the firm?s founding partner, stated that to have growth in [...

U.S. Congress Looks to Revise SOX Legislation

Posted on December 17, 2009
By Hank Bourg Dec. 17 – The U.S. House of Representatives last Friday passed sweeping legislation that tightens government regulation of the financial markets in the U.S. including addressing predatory lending practices and unregulated financial derivatives...

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Shanghai Begins Construction of First Mainland Free Port

Posted on December 17, 2009
SHANGHAI, Dec. 18 – The city has begun the construction of the mainland’s first free port slated for completion in 2020. The Shanghai International Shipping Center will include a Yangshan bonded port area and preferential policies such as remission of tax on Chinese-invested foreign vessels and tax rebates on vessels in departure ports...

Digital TV Switch to Increase Cable Bills

Posted on December 17, 2009
SHANGHAI, Dec. 18 – Cable television service bills will start to increase next year as Shanghai and other provinces eventually switch from analog to digital broadcasting by 2015. By 2011, monthly cable TV service bills for Shanghai residents will have increased by 77 percent according to the Shanghai Municipal Development and Reform Commission...

Mainland, Hong Kong Credit Card Defaulters Risk Jail

Posted on December 16, 2009
Dec. 16 – Hong Kong and mainland Chinese credit cards users risk jail time should they default on credit card debts three months after receiving a second warning notice, reports the South China Morning Post. Penalties for Hong Kong residents using cards issued by mainland banks will depend on whether the card was issued in the [...

BVI Companies Allowed to List in Hong Kong Stock Exchange

Posted on December 16, 2009
Dec. 17 – Companies incorporated in the British Virgin Islands (BVI) are now allowed to list in the Hong Kong Stock Exchange. The HKSE has agreed to accept applications from companies incorporated in the British Virgin Islands. Barry Mitchell, a partner at international law firm Maples and Calder heading the firm’s Hong Kong-based BVI team was quoted [...

Clearance Inspections to be Carried Out on Communications, Engineering Projects

Posted on December 16, 2009
Dec. 17 – The Ministry of Industry and Information Technology announced that it would conduct clearance inspections on approved, in process and completed communication construction projects since 2008 worth more than RMB30 million. The clearance inspections will be carried out to check for construction quality tender activities beginning this month until March 2010.

China to Impose Low Tariffs on More Than 600 Commodities

Posted on December 15, 2009
Dec. 16 – The Ministry of Finance has announced that it would temporarily charge low import tariffs for more than 600 commodities beginning next year. The scope will include natural resource products, key components for optic communications, public health products, consumer products and advanced machines...

China May Permit RMB Appreciation Early 2010

Posted on December 15, 2009
Dec. 16 – Stephen Jen at BlueGold Capital Management the former global head of currency research at Morgan Stanley in London, has written in a research note to clients that China’s currency may be allowed to appreciate in April He writes: ?China may allow the yuan to appreciate by April as exports recover, inflation creeps up [...

China Industry: Dec. 16

Posted on December 15, 2009
Dec. 16 – This is a regular series of relevant industry news from around China. Air Transport China Eastern Airlines said it would conclude its merger with Shanghai Airlines Co. by the end of the year. China Eastern, the third-largest airline in the country said in July it would purchase smaller competitor Shanghai Airlines through a [...

China Spending Boom Predicted as Gov?t Departments Prepare to Spend Remaining Crisis Budget

Posted on December 15, 2009
BEIJING, Dec. 15 – As much as 25 percent of the central government?s annual fiscal spending budget for 2009 remains unused according to the Ministry of Finance. In recently released figures, China?s finance ministry put government spending at RMB5...

Clarification on Foreign Exchange Payments for Reinvestment

Posted on December 15, 2009
Dec. 15 – The State Administration of Tax and the State Administration of Foreign Exchange have jointly issued a circular which provides additional clarification on tax certificate requirements for service industry items and transactions. The circular expands the list of items that do not require tax certificates, including payments made by contractors for overseas engineering/construction projects, [...

Personal Domain Name Registration Banned

Posted on December 15, 2009
Dec. 15 – The China Internet Network Information Center (CNNIC) has banned the registration of internet domain names for personal use unless it is for licensed businesses or state-approved organizations effective immediately. CNNIC regulations requires that those wanting to register a ...

Macau Signs Renminbi Deal with Mainland

Posted on December 14, 2009
Dec. 15 – The Monetary Authority of Macau and the People’s Bank of China have signed a deal� for a cross-border trade renminbi settlement program that will increase the amount of renminbi Macau residents can buy. Macau residents will now be able to purchase up to RMB20,000 per transaction compared to RMB14,000 previously...

American RMB Concerns and 1997?s Currency Speculation

Posted on December 13, 2009
By Chris Devonshire-Ellis Dec. 14 – While the United States continues to mutter darkly about the position of the Chinese RMB against the U.S. dollar, claiming that the strength of the Yuan is protecting Chinese manufacturing at the expense of the U...

New Regulations Released on Travel Industry Ads

Posted on December 13, 2009
Dec. 14 – The Shanghai Tourism Bureau has released new regulations concerning the advertising activities of travel agencies. The regulations state that travel agencies will be barred from publishing tourism advertisements that go beyond the approved scope of the industry...

World Bank Predicts U.S. Emissions Bill Will Cut China Exports 20%

Posted on December 11, 2009
Dec. 11 – The recent U.S. bill on carbon emissions is likely to result in higher tariffs and cut Chinese exports to the United States by 20 percent, a new World Bank report stated. As part of a greenhouse gas emission surcharge being considered in Washington, the U...

State Council Issues Guidelines for Establishing Foreign-Invested Partnerships

Posted on December 11, 2009
By Richard Hoffmann Dec. 11 – China?s State Council has finally issued its long awaited guidelines on foreign-invested partnerships, under State Council Order (2009) No. 567. The measures, which also apply to companies and individuals from Hong Kong, Macau and Taiwan, permit foreign companies or individuals to establish FIPs in China either by themselves, or in [...

From the Edge: The Sweet Smell of Success (China Version)

Posted on December 11, 2009
From the Edge is the collected memories and experiences of an old China hand and will run in an irregular series of articles on this site over the next couple of months. By I.B. Bogard Dec. 11 – If I may continue with my business chronicles of misdemeanors, mistakes, misadventures and general misbehaving from a variety of [...

China?s Tax Administration Releases New Taxpayer Rights and Obligations Guidelines

Posted on December 11, 2009
BEIJING, Dec. 11 – The State Administration of Taxation recently issued a notice detailing the rights and obligations of taxpayers in China. The Notice of the State Administration of Taxation on the Rights and Responsibilities of Taxpayers, issued on November 30, lists 14 rights for taxpayers, including the right to be informed of relevant laws, [...

International Business Groups Urge China to Cancel Procurement Policy

Posted on December 10, 2009
Dec. 11 -� The heads of 34 international business groups have sent a letter to Chinese authorities urging them not to push through with plans to implement an Indigenous Innovation Product Accreditation system for high-tech equipment sold to government agencies...

Verifying Chinese Registered Capital Amounts

Posted on December 09, 2009
Part 2 in our series: Understanding Chinese Limited Companies By Richard Hoffmann Dec. 9 – As mentioned yesterday in an article on Chinese company business licenses, all businesses in China are required to demonstrate their registered capital amounts on their business license...

Dezan Shira & Associates Holds Seminar to Prepare for Upcoming Tax Season

Posted on December 09, 2009
BEIJING, Dec. 10 – Dezan Shira & Associates held a seminar entitled ?How to Manage Your Annual Compliance Processes in China for 2010? on Tuesday night at the German Centre Beijing, addressing issues pertinent to representative offices and wholly foreign-owned enterprises operating in China...

First IP Court Set Up in Guangdong

Posted on December 09, 2009
GUANGZHOU, Dec. 10 – The country’s first exclusive intellectual property court was recently established in the Zhuhai National High-Tech Industrial Development Zone in Guangdong Province. The court will begin accepting criminal, civil and administrative cases related to intellectual property...

China?s Releases 2010 National Holiday Schedule

Posted on December 08, 2009
BEIJING, Dec. 8 ? The Chinese government released the national holiday schedule for 2010. There are 11 official state holidays next year, with two ?Golden Week? holidays that combine weekends to create a seven-day holiday. The New Year holiday will be from January 1 to 3 while the Spring Festival will span from February 13 to [...

Examining a Chinese Company Business License

Posted on December 08, 2009
Part 1 in our series: Understanding Chinese Limited Companies By Richard Hoffmann Dec. 8 – Due diligence when conducting business in China should always be a prerequisite, and this is the case whether or not you are considering purchasing or selling to a Chinese company, or a more formal arrangement such as a joint venture...

China to Maintain Fiscal, Monetary Policies Until Next Year

Posted on December 08, 2009
Dec. 8 – China has confirmed that it would maintain its current fiscal and monetary policies until next year to sustain economic growth during the annual Central Economic Work Conference Monday. The year 2010 is the last year of Beijing’s 11th five-year plan so the decision to continue with current stimulus plan is not only good [...

Customs Quota for New Zealand Wool Released

Posted on December 08, 2009
Dec. 8 – The Ministry of Commerce (MOFCOM) and the General Administration Customs (GAC) has released the import customs quota for wool and woolen tops imported from New Zealand. The new rules clarify distribution, application methods for customs quotas including a regulation that requires quota holders to have a Agricultural Product Import Customs Quota Certificate to [...

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