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 Shanghai to Become Foreign Bank Centre
China's banking sector became fully open on 11 December. The China Banking Regulatory Commission revealed that eight foreign banks lodged applications that day ... (full story)

 Jilin Bans Outbound Travellers Wearing Fakes
The Jilin provincial government recently announced an action plan on IPR protection for 2006-2007. The plan calls for the crackdown on the mailing ... (full story)

 Asia's Largest Animation Studio Due For Completion in Xiamen at Yearend
The main building of Asia's largest motion capture studio will be completed in Xiamen at the end of this year. Built on the model ... (full story)

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Issue 11, 2006 (01 November)
 Leader
Impact of Processing Trade Policy Change on Hong Kong Companies
On 14 September 2006, five ministries jointly issued a circular on adjustments made to tax rebate rates for certain exports and on the expansion of the prohibited category under export processing trade (Circular No.139) ... (full story)
Hong Kong Companies Bracing for Processing Trade Policy Change
In addition to expanding the prohibited category under export processing trade, China may also enlarge the scope of the prohibited and restricted categories ... (full story)

 Policy and Law
Thermal Power Plants in Guangdong Soon to Start Emissions Trading
Over three years of talks between Hong Kong and Guangdong on the trading of sulphur dioxide emission rights had culminated in the adoption of the Pilot Scheme of Emissions Trading ... (full story)
SAFE to Conduct Annual Review of Forex Recipients
To further improve forex settlement under trade in goods, the State Administration of Foreign Exchange (SAFE) has issued a circular on the introduction of an annual review system ... (full story)

 Local Policy
Guangdong Announces New Tax Policies to Encourage Innovation
Guangdong has recently undergone substantial personnel changes at the provincial, city and district levels. After the reshuffling, the provincial government introduced a package of 15 preferential tax policies ... (full story)
Shenzhen Launches Private Equity Financing for Listing of Innovative Enterprises
China's first private equity financing project has recently been formally launched in Shenzhen, the vanguard of reform. This is China's first ever private equity financing system ... (full story)

 Industrial Policy
Chongqing Encourages Private Investment in Cultural Industry
The Chongqing CPC municipal committee and municipal government have recently issued a circular pertaining to opinions on promoting the development of private cultural enterprises ... (full story)
SFDA Announces New Rules on Re-examination of Drug Advertisements
The State Food and Drug Administration (SFDA) announced its provisional system for the re-examination of advertisements for drugs, medical equipment and health food on 11 October ... (full story)

 Services Sector
MOFCOM Regulates Direct Selling Service Outlets
To strengthen supervision on direct selling activities, the Ministry of Commerce (MOFCOM) has recently issued the Measures for the Administration of the Establishment of Direct Selling Service Outlets ... (full story)

 Emerging Opportunities
IBM's Global Procurement Headquarters Relocated to Shenzhen
IBM has announced that it is relocating its global procurement headquarters to Shenzhen, which also marks the first time that the headquarters of an IBM department has been moved to places outside the US ... (full story)

 Human Resources
Opportunity for Hong Kong Personnel in Five Sectors
In the human resources market on the mainland, the demand for middle- to high-ranking personnel in various sectors is still strong. For new professions such as digital DV producer ... (full story)

 Key to Economy and Trade
Major Changes in Strategies to Lure Foreign Investment in Next Five Years
According to the Ministry of Commerce (MOFCOM), major adjustments will be made to the strategies of utilising foreign investment during the 11th Five-Year Programme period ... (full story)