China - Revision history

imported>Doug Williamson: Update for CIPS rename and launch. Source - https://www.frbsf.org/banking/asia-program/pacific-exchange-blog/cips-and-the-international-role-of-the-renminbi/

2021-07-30T15:58:40Z

Update for CIPS rename and launch. Source - https://www.frbsf.org/banking/asia-program/pacific-exchange-blog/cips-and-the-international-role-of-the-renminbi/

← Older revision		Revision as of 15:58, 30 July 2021
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	The China Domestic Foreign Currency Payment System (CDFCPS) settles currency payments in eight international currencies (AUD, CAD, CHF, EUR, GBP, HKD, JPY and USD).		The China Domestic Foreign Currency Payment System (CDFCPS) settles currency payments in eight international currencies (AUD, CAD, CHF, EUR, GBP, HKD, JPY and USD).
	The central bank ~~is developing~~ a ~~new~~ payment system to process cross-border RMB payments. The Cross-border Interbank Payment System (CIPS) was launched in 2015.		The central bank has also developed a newer payment system to process cross-border RMB payments. The Cross-border Interbank Payment System (CIPS) was launched in 2015.

	===Payments===		===Payments===

imported>Doug Williamson: Update for CIPS rename and launch. Source - https://www.frbsf.org/banking/asia-program/pacific-exchange-blog/cips-and-the-international-role-of-the-renminbi/

2021-07-30T14:49:57Z

Update for CIPS rename and launch. Source - https://www.frbsf.org/banking/asia-program/pacific-exchange-blog/cips-and-the-international-role-of-the-renminbi/

← Older revision		Revision as of 14:49, 30 July 2021
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	The China Domestic Foreign Currency Payment System (CDFCPS) settles currency payments in eight international currencies (AUD, CAD, CHF, EUR, GBP, HKD, JPY and USD).		The China Domestic Foreign Currency Payment System (CDFCPS) settles currency payments in eight international currencies (AUD, CAD, CHF, EUR, GBP, HKD, JPY and USD).
	The central bank is developing a new payment system to process cross-border RMB payments. The ~~China International~~ Payment System (CIPS) ~~is due to be~~ launched in ~~late~~ 2015.		The central bank is developing a new payment system to process cross-border RMB payments. The Cross-border Interbank Payment System (CIPS) was launched in 2015.

	===Payments===		===Payments===

imported>Doug Williamson: Update 31 Dec 2020 to past tense.

2021-01-03T20:42:19Z

Update 31 Dec 2020 to past tense.

← Older revision		Revision as of 20:42, 3 January 2021
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	The Enterprise Income Tax Law (EITL) governs both foreign investment and domestic-funded enterprises under a single unified tax system.		The Enterprise Income Tax Law (EITL) governs both foreign investment and domestic-funded enterprises under a single unified tax system.
	The EITL taxes both domestic and foreign enterprises at a flat rate of 25%, with the same expense deduction criteria and available tax incentives.		The EITL taxes both domestic and foreign enterprises at a flat rate of 25%, with the same expense deduction criteria and available tax incentives.
	The principal incentives include a 15% preferential tax rate applicable to new/high-technology enterprises and a 50% super deduction for qualifying R&D expenditure. There is a geographically based incentive focused on new/high-technology enterprises established as from 2008. The incentive (in addition to the 15% rate that applies to all new high-technology enterprises) is a two-year tax holiday followed by three years at a 12.5% rate. The 15% preferential tax rate also is granted to qualified high-tech service enterprises in 21 specified cities between 1 July 2010 and 31 December 2018. Encouraged industries in certain regions (e.g. western China, Hengqin (Guangdong), Pingtan (Fujian) and Qianhi (Shenzhen)) ~~can enjoy~~ a reduced 15% enterprise income tax rate until 31 December 2020. Tax exemptions and other preferences apply to the agriculture, forestry, animal husbandry and fishery sectors, software and integrated circuit industries, major infrastructure projects, certain environmental projects and certain transfers of technology.		The principal incentives include a 15% preferential tax rate applicable to new/high-technology enterprises and a 50% super deduction for qualifying R&D expenditure. There is a geographically based incentive focused on new/high-technology enterprises established as from 2008. The incentive (in addition to the 15% rate that applies to all new high-technology enterprises) is a two-year tax holiday followed by three years at a 12.5% rate. The 15% preferential tax rate also is granted to qualified high-tech service enterprises in 21 specified cities between 1 July 2010 and 31 December 2018. Encouraged industries in certain regions (e.g. western China, Hengqin (Guangdong), Pingtan (Fujian) and Qianhi (Shenzhen)) enjoyed a reduced 15% enterprise income tax rate until 31 December 2020. Tax exemptions and other preferences apply to the agriculture, forestry, animal husbandry and fishery sectors, software and integrated circuit industries, major infrastructure projects, certain environmental projects and certain transfers of technology.

	===Taxation of dividends and interest===		===Taxation of dividends and interest===

imported>Doug Williamson: Mend broken link.

2017-11-28T13:41:52Z

Mend broken link.

← Older revision		Revision as of 13:41, 28 November 2017
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	* [http://www.china.org.cn/english http://www.china.org.cn/english]		* [http://www.china.org.cn/english http://www.china.org.cn/english]
	'''People’s Bank of China'''		'''People’s Bank of China'''
	* [http://www.pbc.gov.cn/english http://www.pbc.gov.cn/english/130437/index.html]		* [http://www.pbc.gov.cn/english/130437/index.html http://www.pbc.gov.cn/english/130437/index.html]
	'''China Banking Regulatory Commission'''		'''China Banking Regulatory Commission'''
	* [http://www.eng.ceca.es/ http://www.eng.ceca.es/]		* [http://www.eng.ceca.es/ http://www.eng.ceca.es/]

imported>Doug Williamson: Mend broken link.

2017-11-28T13:40:56Z

Mend broken link.

← Older revision		Revision as of 13:40, 28 November 2017
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	* [http://www.china.org.cn/english http://www.china.org.cn/english]		* [http://www.china.org.cn/english http://www.china.org.cn/english]
	'''People’s Bank of China'''		'''People’s Bank of China'''
	* [http://www.pbc.gov.cn/english http://www.pbc.gov.cn/english]		* [http://www.pbc.gov.cn/english http://www.pbc.gov.cn/english/130437/index.html]
	'''China Banking Regulatory Commission'''		'''China Banking Regulatory Commission'''
	* [http://www.eng.ceca.es/ http://www.eng.ceca.es/]		* [http://www.eng.ceca.es/ http://www.eng.ceca.es/]

imported>Doug Williamson: Layout.

2017-07-01T19:52:40Z

Layout.

← Older revision		Revision as of 19:52, 1 July 2017
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	* [http://www.eng.ceca.es/ http://www.eng.ceca.es/]		* [http://www.eng.ceca.es/ http://www.eng.ceca.es/]
	'''China Securities Regulatory Commission'''		'''China Securities Regulatory Commission'''
	* [http://www.csrc.gov.cn/pub/csrc_en/]		* [http://www.csrc.gov.cn/pub/csrc_en/ http://www.csrc.gov.cn/pub/csrc_en/]
	'''State Administration of Foreign Exchange'''		'''State Administration of Foreign Exchange'''
	* [http://www.safe.gov.cn http://www.safe.gov.cn]		* [http://www.safe.gov.cn http://www.safe.gov.cn]

imported>Doug Williamson: Mend link to China Securities Regulatory Commission.

2017-07-01T19:50:36Z

Mend link to China Securities Regulatory Commission.

← Older revision		Revision as of 19:50, 1 July 2017
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	* [http://www.eng.ceca.es/ http://www.eng.ceca.es/]		* [http://www.eng.ceca.es/ http://www.eng.ceca.es/]
	'''China Securities Regulatory Commission'''		'''China Securities Regulatory Commission'''
	* [http~~://www.csrc.gov.cnhttp~~://www.csrc.gov.cn/pub/csrc_en/]		* [http://www.csrc.gov.cn/pub/csrc_en/]
	'''State Administration of Foreign Exchange'''		'''State Administration of Foreign Exchange'''
	* [http://www.safe.gov.cn http://www.safe.gov.cn]		* [http://www.safe.gov.cn http://www.safe.gov.cn]

imported>Doug Williamson: Mend link to China Securities Regulatory Commission.

2017-07-01T19:49:49Z

Mend link to China Securities Regulatory Commission.

← Older revision		Revision as of 19:49, 1 July 2017
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	* [http://www.eng.ceca.es/ http://www.eng.ceca.es/]		* [http://www.eng.ceca.es/ http://www.eng.ceca.es/]
	'''China Securities Regulatory Commission'''		'''China Securities Regulatory Commission'''
	* [http://www.csrc.gov.~~cn http~~://www.csrc.gov.cn]		* [http://www.csrc.gov.cnhttp://www.csrc.gov.cn/pub/csrc_en/]
	'''State Administration of Foreign Exchange'''		'''State Administration of Foreign Exchange'''
	* [http://www.safe.gov.cn http://www.safe.gov.cn]		* [http://www.safe.gov.cn http://www.safe.gov.cn]

imported>Doug Williamson: Remove broken link.

2017-05-27T19:07:32Z

Remove broken link.

← Older revision		Revision as of 19:07, 27 May 2017
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	'''Ministry of Commerce of the People’s Republic of China'''		'''Ministry of Commerce of the People’s Republic of China'''
	* [http://english.mofcom.gov.cn/ http://english.mofcom.gov.cn/]		* [http://english.mofcom.gov.cn/ http://english.mofcom.gov.cn/]
	~~'''National Bureau of Statistics of China'''~~
	* [http://www.stats.gov.cn/english http://www.stats.gov.cn/english]
	'''International Chamber of Commerce'''		'''International Chamber of Commerce'''
	* [http://www.china.com http://www.china.com]		* [http://www.china.com http://www.china.com]

imported>Doug Williamson: Mend link to Ministry of Commerce website.

2017-05-20T07:20:01Z

Mend link to Ministry of Commerce website.

← Older revision		Revision as of 07:20, 20 May 2017
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	* [http://www.mof.gov.cn http://www.mof.gov.cn]		* [http://www.mof.gov.cn http://www.mof.gov.cn]
	'''Ministry of Commerce of the People’s Republic of China'''		'''Ministry of Commerce of the People’s Republic of China'''
	* [http://~~www.~~english.mofcom.gov.cn http://~~www.~~english.mofcom.gov.cn]		* [http://english.mofcom.gov.cn/ http://english.mofcom.gov.cn/]
	'''National Bureau of Statistics of China'''		'''National Bureau of Statistics of China'''
	* [http://www.stats.gov.cn/english http://www.stats.gov.cn/english]		* [http://www.stats.gov.cn/english http://www.stats.gov.cn/english]