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Issue 12, 2003 (01 December)
 Inside PRD
Leveraging on CEPA Opportunities to Tap into PRD Logistics Market
The signing of CEPA opens up opportunities for wholly Hong Kong-invested logistics enterprises in the mainland to offer distribution and logistics services ... (full story)
 Leader
Luxury Consumer Goods to Come Under Tax Net
According to officials from the Ministry of Finance and State Administration of Taxation, China's fiscal and tax system is set to undergo structural reforms ... (full story)

 Policy and Law
Certification Required of Enterprises under QS System in Early 2004
Starting 1 January 2004, five types of food, namely wheat flour, rice, edible vegetable oil, soy sauce and vinegar, will be banned from sale on the market if they do not carry the quality safety (QS) label under China's new market access system ... (full story)
Colour Labels to Denote Enterprise Credit Rating
Wang Zhongfu, director of the State Administration for Industry and Commerce (SAIC), has recently announced the launch of an enterprise credit rating system using four different colours ... (full story)

 Local Policy
Guangzhou Simplifies Approval Procedures for Enterprises
TDC's Guangzhou Office has learned that Guangzhou will cut 36 prior approval items required in enterprise registration, reducing the total number of approval items by various departments ... (full story)
Wuxi Lures Hong Kong SMEs with Preferential Policies
The Wuxi-Hong Kong (CEPA) Economic and Trade Cooperation Fair held in November attracted about 100 business people from Hong Kong looking for business opportunities ... (full story)

 Industrial Policy
Measures for Controlling Pollution by Electronic Information Products
Huang Jianzhong, an official from the Economic Reform and Operation Department under the Ministry of Information Industry (MII), revealed at a seminar at the National Electronics Fair 2003 ... (full story)
Guangdong to Open Jewellery Trade to Permanent Residents in Hong Kong and Macau
Permanent residents in Hong Kong and Macau will be allowed to register as individual jewellery traders in Guangdong starting from the first half of 2004 ... (full story)

 WTO Accession
Further Opening Up RMB Business to Foreign Financial Institutions
China further opens up its renminbi business to foreign-invested financial institutions effective 1 December 2003 ... (full story)
Foreign Investors Permitted to Set Up Wholly-owned Leasing Companies
The Foreign Investment Management Department under the Ministry of Commerce (MOFCOM) is speeding up the revision of the Provisional Measures for the Approval of Foreign-invested Leasing Companies promulgated in 2001 ... (full story)

 Emerging Opportunities
Auto Consumer Credit Market to Open Foreign Enterprises Should Take Note
CBRC has recently decided to announce the Measures for the Administration of Auto Finance Companies, marking the full liberalisation of China's auto consumer credit market ... (full story)
Guangdong Shops Authorised to Sell Drugs
Shopping malls and shops in Guangdong operated by Hong Kong businesses will be allowed to sell drugs. The Guangdong Drug Administration announced that starting from 1 November 2003 ... (full story)

 Market Development
62nd National Electronics Fair Concludes
With the largest scale and longest history in China's electronics industry, the National Electronics Fair (NEF) has over the years developed into an influential international exhibition ... (full story)
Hong Kong Chinese Nationals May Register Individual Businesses in Guangdong
Starting from 1 January 2004, Hong Kong residents holding Hong Kong permanent identity cards will be allowed to register as individual businesses in Guangdong ... (full story)

 Key to Economy and Trade
Two New Laws Governing Sino-American Food Trade Come Into Effect
Articles 305 and 307 of the Bioterrorism Prevention Law in the US became effective on 12 December this year. ... (full story)