Archive for February, 2011

Invitation to Submit China Rule-of-Law Proposals

The U.S.-China Legal Cooperation Fund, an initiative of leading American companies engaged in trade and investment with the People’s Republic of China, supports transparent and equitable legal processes and institutions in China through funding of projects fostering the rule of law in China, to be carried out jointly by American and Chinese non-profit organizations or [...]

Published by admin on February 24th, 2011 tagged China Law | Comment now »

Benefits of Beijing Hukou

1 The people who have a Beijing Hukou is qualified to buy 2 houses in Beijing.(Out-of-town people can only buy 1 house if you have five-year tax certificate in Beijing)
2 The out-of-town people who have five-year tax certificate in Beijing are qualified to buy cars, however the people who have Beijing Hukou have no restriction.
3 [...]

Published by admin on February 21st, 2011 tagged China Law | 1 Comment »

China’s Judicial Interpretation III on the Company Law

On January 27, 2011 the Supreme People’s Court of the People’s Republic of China promulgated the Interpretation of Some Issues regarding the Application of the PRC Company Law (Judicial Interpretation III), which became effective on February 16, 2011. The Judicial Interpretation III provides guidelines to people’s courts in the trial of disputes arising from company [...]

Published by admin on February 17th, 2011 tagged China Law | 1 Comment »

China Overseas Listed Corporations Association Established in Beijing

SORL Auto Parts Inc. (Nasdaq: SORL | PowerRating) (“SORL” or “the Company”), a leading manufacturer and distributor of commercial vehicle brake systems as well as related auto parts in China, today announced that Mr. Xiaoping Zhang, the Company’s Chairman and Chief Executive Officer, participated in the organizational meeting in Beijing establishing the China Overseas Listed [...]

Published by admin on February 17th, 2011 tagged China Law | 1 Comment »

NDRC and SAIC issue implementing rules for the enforcement of the anti-monopoly law

On 1 February 2011, the Chinese competition landscape will be almost complete, with implementing rules issued in early January by the National Development and Reform Commission (NDRC) and the State Administration for Industry and Commerce (SAIC) (the Implementing Rules) set to enter into force.
These Implementing Rules provide more detailed guidance regarding some of the basic [...]

Published by admin on February 17th, 2011 tagged China Law | Comment now »

China banks end first-home loan discount

Many banks in the Chinese cities of Shanghai, Beijing and Shenzhen have stopped offering discounts on mortgage loans for first-time home buyers.
Chinese banks have some flexibility when it comes to setting the rates they charge based on their assessment of credit risk, and some have been offering first-time home buyers discounted mortgage rates of 0.85-0.95 [...]

Published by admin on February 17th, 2011 tagged China Law | Comment now »

Increased Requirements for Legalization of Certificate of Incorporation by PRC Embassy

Part of the documents is what MOFCOM refers to as “Certificate of Incorporation” – in Singapore in fact not the certificate of incorporation but rather the business profile extract from the Registry of Companies (“Biz-File”).
Said Biz-File has to be legalized by the Chinese embassy in order to produce it to SAIC for the pre-registration of [...]

Published by admin on February 17th, 2011 tagged China Law | 1 Comment »

Securities lawsuits against Chinese companies in US

As more Chinese companies trade on U.S. stock exchanges, investors are increasingly suing them for securities fraud in U.S. courts.
In theory, investors should be having an easier go of it. These Chinese entities, after all, agreed to abide by U.S. securities laws when they went public and gained access to U.S. financial markets. In practice, [...]

Published by admin on February 17th, 2011 tagged China Law | Comment now »

The First Chinese Annual Advance Pricing Report Released

The State Administration of Taxation (“SAT”) issued the Chinese first annual advance pricing report (“APA”) titled “China Advance Pricing Arrangement Annual Report (2009) (“APA Report) on December 30, 2010. The groundbreaking report provides the official statistical survey on both in-progress and completed Advance Pricing Arrangements (APAs) for the period from January 1, 2005 to December [...]

Published by admin on February 14th, 2011 tagged China Law | 1 Comment »

American Comments on Chinese Internet competition rules

Beijing, China –February 10, 2011
The Section of Antitrust Law (“Antitrust Section”) and the Section of International Law (together, the “Sections”) of the American Bar Association (“ABA”) respectfully submit these comments on the Interim Measures for Supervision and Management of the Internet Information Service Market (Draft for Comment) (“Interim Measures”), of China’s Ministry of Industry and [...]

Published by admin on February 10th, 2011 tagged China News | 1 Comment »