Legislation
Circular of the Supreme People's Court on Issuing the 19th Batch of Guiding Cases Fa [2018] No. 338 December 19, 2018 The Higher People's Courts of all provinces, autonomous regions and municipalities directly under the Central Government, the Military Court of the People's Liberation Army and the Production and Construction Corps Branch of the Higher People's Court of Xinjiang Uygur Autonomous Region,The Judicial Committee of the Supreme People's Court hereby decides through discussion to issue 5 cases (Guiding Cases No. 97 to No. 101), including the one concerning the acquittal of Wang Lijun accused of illegal business operation after retrial, etc., as the 19th batch of guiding cases for reference in trials of similar cases. Guiding Case No. 97Case of Acquittal of Wang Lijun Accused of Illegal Business Operation after Retrial (Issued on December 19, 2018 through discussion by the Judicial Committee of the Supreme People's Court)Keywords: Criminal/Crime of Illegal Business... ...
Circular of the Ministry of Housing and Urban-rural Development and the Ministry of Commerce on Abolishing the Detailed Rules for the Implementation of the Provisions on Administering Foreign-invested Construction Engineering Design Enterprises Jian Shi [2018] No.126 December 18, 2018 Departments of housing and urban-rural development and departments of commerce of all provinces, autonomous regions, commissions of housing and urban-rural development and commerce bureaus of all municipalities directly under the Central Government, and Beijing Municipal Commission of Planning and Natural Resources, According to the Decision of the Ministry of Housing and Urban-rural Development and the Ministry of Commerce on Abolishing Several Departmental Rules Including the Detailed Rules for the Implementation of the Provisions on Administering Foreign-invested Construction Engineering Design Enterprises (Order of the Ministry of Housing and Urban-rural Development and the Ministry of Commerce... ...
Cases
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Legal News
The Ministry of Finance ("MOF") has recently enacted and issued the third batch of five guidelines for the application of management accounting, including the Guidelines for the Application of Management Accounting No.204 – Activity-based Budgeting (the "Guidelines").The Guidelines state that, activity-based budgeting is mainly applicable to an enterprise that carries out various types of activities in a long activity chain, faces demanding requirements from its management for budgeting accuracy, and has their production processes diversified at a relatively higher degree, and to an enterprise in which the costs of indirect or ancillary resources account for a higher ratio. Also, it is clearly stated in the Guidelines that enterprises shall manage the activity-based budgeting under procedures for the application set out in the Guidelines for the Application of Management Accounting No.200 – Budget Management. Generally, an enterprise shall follow these steps in sequence... ...
The Shenzhen Stock Exchange ("SZSE") has recently enacted and issued the Implementing Rules for the Convertible Corporate Bonds Business (Revised in December 2018), the Guidelines for Handling the Issuance and Listing of Convertible Corporate Bonds of Listed Companies (Revised in December 2018) and the Guidelines for Handling the Issuance and Listing of Exchangeable Corporate Bonds (Revised in December 2018) (collectively as the "Business Rules"), all of which have taken effect immediately from the date of issuance.The Business Rules replace the previous subscription of convertible corporate bonds (the "convertible bonds") and exchangeable corporate bonds (the "exchangeable bonds") via multiple accounts, with the single-account subscription, optimize the issuance and listing of convertible bonds and further implement relevant provisions of the Administrative Measures for the Issuance and Underwriting of Securities. To be specific, convertible bonds and exchangeable bonds to be... ...
