On February 15, 2012, the State Administration of Foreign Exchange ("SAFE") issued the Notice on Relevant Issues Concerning Foreign Exchange Control on Participation in Equity Incentive Plans of Overseas Listed Companies by Domestic Individuals (Notice)
On February 9, 2012, the State Administration of Radio Film and Television ("SARFT") issued the Notice on Further Strengthening and Improving the Administration of Importation and Broadcasting of Foreign Films and Television Dramas
The amended measures clarify that those shareholders who are natural persons are affiliate parties of a franchisor, and that their relevant information shall be disclosed to franchisees if they are the providers of products or services or the owners of business resources.
On December 29, 2011, the Ministry of Industry and Information Technology issued Several Provisions on Regulating the Market Order of Internet Information Service, which will take effect on March 15, 2012.
On February 6, 2012, the China Insurance Regulatory Commission ("CIRC") issued the Notice on Relevant Issues Concerning Adjusting Some Administrative Licensing Items for Foreign Invested Insurance Companies, which came into effect immediately.
On January 29, 2012, the General Administration of Customs issued the Announcement on Relevant Issues Concerning the Implementation of the 2011 Foreign Investment Industrial Guidance Catalogue.
On February 3, 2012, the China Council for the Promotion of International Trade / China Chamber of International Commerce adopted the 2012 Arbitration Rules of the China International Economic and Trade Arbitration Commission ("CIETAC"), which will take effect on May 1, 2012.
The purpose of the
annual inspection is to ensure FIEs have been conducting business
in compliance with all applicable laws, rules and regulations.
On December 22, 2011, the State Administration of Taxation and the State Administration for Industry and Commerce ("SAIC") jointly issued the Notice on Strengthening Cooperation to Share Equity Transfer Information, which became effective on January 1, 2012.
On December 2, 2011, the Ministry of Human Resources and Social Security ("MOHRSS") issued the Notice on Relevant Issues Concerning Improving the Work on Participation in Social Insurance by Foreigners Employed in China.
On January 30, 2012, the National Development and Reform Commission and the Shanghai Municipal Government jointly issued the Plan for Establishing Shanghai as an International Financial Center during the 12th Five Year Plan Period.
On December 30, 2011, the Ministry of Commerce ("MOFCOM") issued the Interim Measures on Investigation and Handling of Failure on Declaration of Business Operators' Concentration, which became effective on February 1, 2012.
On December 20, 2011, the State Council issued the Implementing Regulations for the Law of the People's Republic of China on Bid Invitation and Submission, which became effective on February 1, 2012.