China Briefing

Recent Posts from China Briefing


  • China Minsheng Bank IPO Oversubscribed 150 times

    HONG KONG, Nov. 23 – Mainland China’s Minsheng bank had its Hong Kong H share public offering oversubscribed 150 times as it finally made its debut last week. The bank raised HKD30 billion after pricing…

  • China’s SOEs Post 9.2 Percent Profit in October

    Nov. 23 – China’s Ministry of Finance has stated that the nation’s state-owned enterprises recorded an average 9.2 percent profit level in October over September’s figures, boosted in part by growing demand for vehicles and…

  • China, Taiwan to Sign Economic Agreement in 2010

    Nov. 23 – China and Taiwan are set to sign a cross-strait Economic Cooperation Framework Agreement (ECFA) in 2010 that would allow more Taiwanese business to enter the mainland and vice-versa as well as secure…

  • Notice to Local Online Game Companies in China, Less Violence Please

    Nov. 20 – China’s Ministry of Culture has released a notice to local online game companies to lessen the amount of violence, erotic content and gambling found in their games. Online game operators were advised…

  • Ministry of Finance Clarifies Tax Exemptions for NGOs

    SHANGHAI, Nov. 20 -The Ministry of Finance has released two circulars clarifying the scope of tax-exempt income and tax-exemption identification for non-profit organizations (NGOs). On the circular on tax-exempt income, there are five types of…

  • New Standard for China Tax Invoices Being Introduced

    Nov. 19 – China’s State Administration of Tax has issued Circular Guoshuifa (2009) #142 concerning the simplification and unification of general tax invoices. This has largely been issued to facilitate the introduction of computerized tax…

  • China Joint Ventures: Negotiating the Contract

    Part Five in our “Joint Ventures as a Strategic Investment” series By Chris Devonshire-Ellis and Richard Hoffmann Nov. 18 – Joint ventures by their very nature are intensely idiosyncratic creatures, differing so much depending on…

  • Microsoft Ordered to Stop Sale of Programs Guilty of IPR Violation

    BEIJING, Nov. 18 – U.S. software company Microsoft has been ordered by a Beijing court to stop the sale of all Windows programs found in violation of a Chinese company’s intellectual property rights. The Beijing…

  • Shanghai Apartment Sale Breaks Record at RMB96 Million

    SHANGHAI, Nov. 18 – A luxury apartment broke price records when it was sold for RMB96.09 million (US$14.07 million) to an unidentified buyer reports Shanghai Daily. The Tomson Riviera luxury complex apartment was priced at…

  • China Issues New Directives over Offshore Beneficial Ownership

    Nov. 17 – The State Administration of Tax has issued new guidelines on the determination of the “beneficial owner” during the application of double tax treaties with China. According to Circular Guoshuifan (2009) 601, effective…