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On August 4 2010, with the purpose of reinforcing the administration of network operation, information security and confidentiality, ensuring normal operation of its network, as well as improving working efficiency, the State Administration of Work Safety (thereafter SAWS) issued the Measures of Network Operation and Information Security and Confidentiality. Pursuant to Regulations of Safety Protection …

SAWS Issued New Measures to Improve Network Operation and Information Security and Confidentiality Read More »

The Measures for the Administration of Corporate Income Tax on Corporate Reorganizations has been released recently by The State Administration of Taxation with retrospective effect from 1 January 2010. Pursuant to the Measures, companies that have their reorganization transactions before release of it, if applying to the special tax treatment specified in the Notice (2009[NO.59]) …

Corporate Reorganization Income Tax Rules has been released Read More »

A week right after the Interim Provisions on the Administration of Intellectual Property of Major National Science and Technology Projects was released on 17 July 2010, Notice on Import Tax Policies on Major Science and Technology Projects was issued by The Ministry of Finance and four other ministries and commissions. “This year has witness various …

Certain Major Science And Technology Projects To Be Exempt From Tariff And Import VAT Read More »

Issues have been raised recently about the cooperation of Google and Yahoo Japan suspected of violating the Anti-monopoly Law in Japan. According to reports from Japan in 28 July, authorized government officer has expressed in a press conference that Yahoo Japan and Google’s cooperation over search service and advertising is based on separate running of …

Cooperation of Google and Yahoo Japan is not monopoly? Read More »

On July 19th 2010, the Hong Kong Securities and Futures Commission (“SFC”) published Consultation Paper Concerning the Regulatory Oversight of Credit Rating Agencies (“Consultation Paper”), setting out its proposed regulatory regime to license and supervise the activities of credit rating agencies (“CRAs”) in Hong Kong. The consultation period will be end on August 20 and …

Hong Kong SFC Released Consultation Paper on Regulatory Oversight of Credit Rating Agencies Read More »

In accordance with the Anti-Monopoly Law and for better implementation of the Measures for the Examination of the Concentration of Business Operators, The Ministry of Commerce of the People’s Republic of China (“MOFCOM”) announced the Interim Provisions for Implementation of Divestiture of Asset or Business Concerning Concentration of Business Operators (“Interim Provisions”) on July 5, …

MOFCOM Announced Provisions on Concentration of Business Operators Read More »

On August 1st 2010, the Interim Measures for the Administration of Online Game (the “Measures”), promulgated by the Ministry of Culture earlier this year, come into effect. It is the first department rule specially enacted for the purpose of administrating and regulating online games. The Measures specified clear thresholds of entity, standards of content, codes …

New Measures Concerning Online Games Come into Effect Read More »

The Customs Tariff Commission of the State Council announced that China has decided to charge no tariff from July 1, 2010 for the products imported from 26 least developed countries in Africa who has changed notes with China, as much as 60% of the products originally produced in the preceding countries will have zero-tariff. According …

China to import goods of the least developed countries with zero-tariff Read More »

On July 29th 2010, China Internet Information Network Center (“CNNIC”) updated its policies on domain disputes by issuing the new Wireless Domain Name Dispute Resolution Policy (the “Policy”). The Policy is an amendment to the former disputes policy promulgated in 2006, and is to come into effect on August 29th. Wireless domain system is designed …

CNNIC Amends Its Policies on Wireless Domain Disputes Read More »

On May 12 2010, the State Administration of Taxation (SAT) issued the Notice of Clarifying the Completion Conditions of Product Developments of Real Estate Development Enterprise (Guo Shui Han [2010] No.201) (Notice 201) pursuant to previous Circulars concerning enterprise income tax (EIT) of real estate development enterprises (REDEs). In accordance with Notice 201, the completion …

SAT Clarified Completion Conditions of Real Estate Product Read More »