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2007年4月 Existing and Future Subway Lines at a Glance Beijing City Subway System Beijing City Subway System Beijing City Subway System Major Roads Investment in Real Estate Regulations Circular on Land Regulation and Control On August 31, 2006, the State Council promulgated the Circular of the State Council Concerning Issues on Strengthening Land Regulation and Control. A unified publication system for the minimum standard for industrial land grant prices should be established and that the minimum standard for industrial land grant prices for different places should be formulated and published uniformly. Industrial land must be granted through tendering, bidding and auction, and the price shall not be lower than the published minimum standard. Granting land at a price lower than the minimum standard or offering allowances or refunds in any form is prohibited. On 23rd December, The Ministry of Land and Resources issued the Circular of the issuance and Implements of Minimum Standard Price of the Granted Industrial Land, which goes into effect on 1st January 2007. Strict implementation of the LAT settlement Beijing announced implementation details of restrictions on foreign property investments on February. Foreigners contain Hong Kong, Macau and Taiwan residents are allowed to purchase only one house for self use, after staying in China for study or working purposed for more than 1 year, the leasing or re-sale is forbidden. Foreign enterprises with representative offices/branches in Beijing can also purchase residential unites for self-use only, but they need to establish a legal business entity in China, that means they must obtain business certificate and foreign-invested enterprise certificate. The new CIT rate is 25%, a lower tax rate is available for qualified small and thin-profit companyies(20%), for qualified high technological enterprises(15%) without geographical limitation. With the removal of tax holiday for general manufacturing and export
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