Working Group News
Environmental Protection Tax Law
On December 25, 2016, the Law of the People’s Republic of China on Environmental Protection Tax (Environmental Protection Tax Law) was promulgated at the 25th meeting of the 12th Standing Committee of the National People’s Congress.
Read moreFuel tax reform an energy milestone
The Chinese government has finally decided to start a fuel tax plan beginning January 1.
Read moreChina knocked off IPOs top slot
Chinese stock exchanges raised just $22bn in initial public offerings in 2008. The slowdown means China will not finish the year as the leading centre for IPOs, falling behind New York for the first time since 2005.
Read moreChina drafts first law on social insurance
China's top legislature made public Sunday a draft law on social insurance, the first of its kind in the country.
Read moreChina's state sector urged to boost economy
Senior government officials have publicly called on China's state-owned sector to increase its dominance in the economy in response to rapidly cooling growth and plummeting profits.
Read moreLocal govts may be allowed to issue bonds
Top policymakers are considering giving a green light to local governments for bond issuance, a move some have described as a way to finance the nation's $586 billion stimulus package.
Read moreChina cuts interest rates to bolster economy
China's central bank has rolled out the fifth interest rate cut in four months - in its latest attempt to shore up investment and boost the economy.
Read moreChina to hunt foreign investors who leave debts
China, hit by a slowdown in manufacturing from the global downturn, will pursue foreign investors who flee the country to escape failed business investments and debt, the Xinhua news agency said on Saturday.
Read moreNew China M&A loan rule worries foreign dealmakers
Foreign dealmakers are worried that Beijing's recent move to encourage Chinese banks to lend money to boost domestic mergers and takeovers will make winning deal mandates in China even harder next year.
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