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China Introduces Pilot Program for Preferred Shareholders

China Introduces Pilot Program for Preferred Shareholders

China’s State Council released the “Guiding Opinions on Launching the Pilot Program for Preferred Shares (Guofa [2013] No. 46, hereinafter referred to as ‘Announcement’)” on November 30, which puts forward provisions on the rights and obligations of preferred shareholders, the issuance and trading of preferred shares, and associated rules and policies. Detailed information can be found [...]

Dec 25 2013, 9:02 pm | Posted in Business,Investment Relations | Read More »

China Clarifies Issues Regarding RMB Cross-Border Direct Investment

China Clarifies Issues Regarding RMB Cross-Border Direct Investment

China’s Ministry of Commerce released the “Announcement on Issues Regarding the RMB Cross-Border Direct Investment (Announcement [2013] No.87, hereinafter referred to as “Announcement”),” which is scheduled to take effect on January 1, 2014. Detailed information can be found below. According to the Announcement, RMB cross-border direct investment refers to the following activities conducted by foreign investors [...]

Dec 19 2013, 1:20 pm | Posted in Business,Investment Relations | Read More »

Yunnan and Guangxi Launch Financial Reform Pilot Zone Targeting ASEAN and South Asia

Yunnan and Guangxi Launch Financial Reform Pilot Zone Targeting ASEAN and South Asia

In a move to strengthen ties with the Association of Southeast Asian Nations (ASEAN) and South Asian countries, China’s central bank and 10 other departments jointly released the “Overall Plan for Yunnan Province and Guangxi Zhuang Autonomous Region in Constructing the Close-Border Financial Reform Pilot Zone (hereinafter referred to as the ‘Plan’)” on November 20. The Plan approves the [...]

Dec 13 2013, 2:07 pm | Posted in Investment Relations | Read More »

China & European Union Announce Grand Plan for Strategic Cooperation

China & European Union Announce Grand Plan for Strategic Cooperation

China and the European Union (EU) released the “China-EU 2020 Strategic Agenda for Cooperation (hereinafter referred to as the ‘Agenda’)” at the 16th China-EU Summit on November 21, which maps out strategic China-EU cooperation through 2020. The Agenda is a milestone in the China-EU relationship as both sides have decided to combine their targets. “The [...]

Dec 4 2013, 9:30 pm | Posted in Business,Investment Relations | Read More »

China to End ‘One-Child Policy’ & Introduce ‘Two-Child Policy’

China to End ‘One-Child Policy’ & Introduce ‘Two-Child Policy’

In the near future, many Chinese families will no longer be bound by the “One-Child Policy” that has been implemented in China for decades. According to the “Decision on Major Issues Concerning Comprehensively Deepening Reforms” passed during the Third Plenary Session of the 18th Central Committee of China’s Communist Party (“Third Plenum”), couples are eligible to [...]

Nov 27 2013, 8:47 pm | Posted in Civil | Read More »

China Releases Third Plenum Communiqué

China Releases Third Plenum Communiqué

China’s central government released the much-anticipated communiqué of the Third Plenum of the 18th Central Committee of the Communist Party (hereinafter referred to as the ‘Communiqué’) on November 12, which is the first policy blueprint unveiled by the new leadership under President Xi Jinping and Premier Li Keqiang.   The Communiqué changes the role of [...]

Nov 21 2013, 9:10 pm | Posted in Business,Investment Relations | Read More »

China Amends Consumer Protection Law after 20 Years

China Amends Consumer Protection Law after 20 Years

With the aim to better protect the legitimate interests and rights of consumers, China’s National People’s Congress passed the “Decision on Revising the Consumer Protection Law (Order No.7 of the President, hereinafter referred to as the ‘Decision’)” on October 25, which is the first revision to the country’s Consumer Protection Law since its adoption in [...]

Nov 13 2013, 9:20 pm | Posted in Business,Investment Relations | Read More »

China Releases Circular to Promote the Steady Growth of Imports and Exports

China Releases Circular to Promote the Steady Growth of Imports and Exports

China’s State Council released the “Opinions on Promoting the Stable Growth of Imports and Exports and Adjusting the Structure Thereof (guobanfa [2013] No.83, hereinafter referred to as the ‘Opinions’)” on July 23, which put forward several measures to promote the stable growth of the country’s imports and exports. Detailed information can be found below. China’s [...]

Nov 8 2013, 9:29 pm | Posted in Business,Import/Export | Read More »

China Looks to Boost its Healthcare Service Industry

China Looks to Boost its Healthcare Service Industry

China’s State Council released the “Several Opinions on Promoting the Development of the Healthcare Service Industry (guofa [2013] No. 40, hereinafter referred to as ‘Opinions’)” on October 14, which puts forward several development goals for the country’s healthcare industry to achieve by 2020. Detailed information can be found below.   Definition The Opinions define the healthcare [...]

Oct 30 2013, 10:43 pm | Posted in Health,Medical | Read More »

China Passes U.S. to Become World’s Top Oil Importer

China Passes U.S. to Become World’s Top Oil Importer

According to the U.S. Energy Information Administration, last month China imported more oil than any other country in the world, including the United States. China had to import 6.30 million more barrels of oil than it produced domestically, while the United States only imported 6.24 million barrels. China’s new status will have a number of [...]

Oct 23 2013, 7:42 pm | Posted in Business,Investment Relations | Read More »

The Contributor

China Briefing hosts a wealth of business intelligence on legal, tax, and operational issues in China from a practical perspective. Knowledge, expertise and commentary for China Briefing is regularly contributed by Dezan Shira & Associates´ professional legal and tax staff. Currently located in Futian district, Dezan Shira & Associates has been assisting foreign companies in Shenzhen for 22 years.

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