By Chen Yun (Robert) & Wang Rong King & Wood Mallesons’ Finance & Capital Markets group

chen_yunFinally after seven months of waiting, the Administrative Measures on Due Diligence of Tax Related Information in respect of Non-Resident Financial Accounts (the “Measures”) were jointly promulgated by the State Administration of Taxation (“SAT”), Ministry of Finance (“MOF”), People’s Bank of China (“PBOC”), China Banking Regulatory Commission (“CBRC”), China Securities Regulatory Commission (“CSRC”) and China Insurance Regulatory Commission (“CIRC”) on May 19, 2017.

Compared to the previous draft for public comments, there is no material change in the Measures. For relevant background information, please refer to our previous article: “PRC issued consultation paper for CRS/FATCA implementation rules”.
Continue Reading  CRS Implementing Rules Finally Released

By Huang Jianwen King & Wood Mallesons’ Commercial & Regulatory Group

Ohuang_jianwenn February 26, 2016, the China Food and Drug Administration (CFDA) promulgated the Administrative Measures on the Registration and Record Filing of Health Foods (Measures). The Measures will take effect on July 1, 2016. By then, the current Administrative

By King & Wood Mallesons’ Energy& Resources Group

The Management Measures of Natural Gas Infrastructure Construction and Operation (National Development and Reform Commission Decree No. 8) (《天然气基础设施建设与运营管理办法》(国家发展改革委员会令第8号)) (the “Measures”) were published by the National Development and Reform Commission (“NDRC”) on February 28, 2014 and took effect as of April 1, 2014. The purpose of the Measures is to regulate the construction and operation of natural gas infrastructure, encourage different types of investment into the natural gas infrastructure market and to further liberalize the market by promoting fair competition. The key features of the Measures are set out below:
Continue Reading China Further Liberalizes the Natural Gas Infrastructure Market—The Management Measures of Natural Gas Infrastructure Construction and Operation took effect as of April 1, 2014