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China: New Talent Visa Rules Published

(Feb. 9, 2018) On January 9, 2018, the State Administration of Foreign Experts Affairs (SAFEA) of the People’s Republic of China (PRC or China) published the rules on the issuance of the talent visa, a new type of visa designed to attract more foreign talent to the country. The Implementation Measures Regarding the Foreign Talent […]

China: New Rules Increase Restrictions on Overseas Cash Withdrawals

(Jan. 24, 2018) On December 29, 2017, China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), issued a circular regulating overseas cash withdrawals using Chinese bank cards. (Guojia Waihui Guanliju Guanyu Guifan Yinhangka Jingwai Da’e Tiqu Xianjin JIaoyi de Tongzhi [SAFE Circular on Regulating Large Overseas Cash Withdrawals on Bank Cards] (SAFE Circular) […]

China: Tobacco Leaf Tax and Vessel Tonnage Tax Laws Passed

(Jan. 19, 2018) On December 27, 2017, in its last session of 2017, the Standing Committee of the National People’s Congress of China (NPC) adopted laws regulating the taxation of tobacco leaves and the taxation of vessel tonnage. (Zhonghua Renmin Gongheguo Yanye Shui Fa (Dec. 27, 2017), NPC website; Zhonghua Renmin Gongheguo Chuanbo Dunshui Fa […]

China: Eight Laws Amended to Require New, Unified National Legal Profession Qualification Examination

(Nov. 10, 2017) On September 1, 2017, the National People’s Congress Standing Committee (NPCSC) of China passed a decision on amending eight laws to institute a new unified national legal profession qualification exam, officially retiring the current unified national judicial exam established in 2010.  (Quanguo Renmin Daibiao Dahui Changwu Weiyuan Hui Guanyu Xiugai Zhongguo Renmin […]

China: Revised Regulations on Religious Affairs

(Nov. 9, 2017) On September 7, 2017, China’s State Council released a revised version of the Religious Affairs Regulations (Regulations), which will take effect on February 1, 2018; the Standing Committee of the State Council adopted the Regulations on June 14, 2017. (Zhonghua Renmin Gonghe Guo Guowu Yuan Ling Di 686 Hao: Zongjiao Shiwu Tiaoli […]

China: Regulators Ban Companies from Raising Money Through Virtual Currencies

(Oct. 19, 2017) On September 4, 2017, seven government administrations in China – the People’s Bank of China, the Office of the Central Leading Group for Cyberspace Affairs, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China […]

China: New Rules on Overseas Investment Released

(Sept. 7, 2017) On August 18, 2017, China’s State Council released a set of new rules directing Chinese companies’ overseas investment. According to the Opinions on Further Guiding and Regulating the Direction of Overseas Investment (Guiding Opinions), investments in the real estate, hotel, cinema, entertainment industry, and sports club sectors will be subject to government […]

China: Judicial Interpretation on Infringement of Personal Information Released

(Sept. 1, 2017) In May 2017, China’s Supreme People’s Court (SPC) and the Supreme People’s Procuratorate (SPP, the prosecutor) released a judicial interpretation on infringement of personal information in criminal cases. Effective June 1, 2017, the interpretation defines the scope of personal information under the Criminal Law of the People’s Republic of China (PRC) and […]

China: Banks Ordered to Report Overseas Transactions of Chinese Bank Cards

(Aug. 10, 2017) In June 2017, China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), ordered banks in China to collect information, on a daily basis, of overseas transactions made on Chinese bank cards. Starting September 1, 2017, any overseas cash withdrawal or single purchase made with an amount of more than RMB1,000 […]

China: National Plan on Banning “Foreign Garbage” and Reducing Solid Waste Imports

(Aug. 8, 2017) On July 27, 2017, China’s State Council released the Implementation Plan on Banning Entry of Foreign Garbage and Reforming the Administrative System of Solid Waste Importation (Plan). The Plan announces that by the end of 2017 solid waste posing a serious threat to the environment and causing widespread public concern will be […]