The Law of Energy Management Contract

Size: px
Start display at page:

Download "The Law of Energy Management Contract"

Transcription

1 The Law of Energy Management Contract ZHANG Yudong School of Economic and Trade law, Shandong University of political science and law, China, Abstract: Introducing the energy management contract mechanism for 30 years of history, contract management mechanism of energy in the development of our country is not satisfactory, although our country government these years used a large number of policy tool to promote energy contract management mechanism, but the application of legal protection mechanism is still lacking, This has become the main reason limit its development. The author suggested that, in order to ensure the development of energy management contract, separate legislation, establish energy services companies market admittance system for its implementation, strict management, clear energy management contract party and the participant's rights and obligations, and through the perfect relevant systems and policies for energy contract management mechanism. Keywords: Energy management contract, Legislation, suggest 1. Introduction The contract management mechanism is China's energy government push a realization of energy saving and emission reduction targets and tasks for the effective mechanism, but the implementation method of the main uses the method of soft law, not hard law, scholars to law character energy contract management attention often focus on the development of foreign energy services companies in China, or energy to overcome difficulties in financing company, but few people focus on how to perfect the current laws and regulations for the administration of energy service contract mechanism, the author thinks that by domestic and foreign legislation experience this article is very necessary. 2. Energy Management Contract, Introduction and the Development in Our Country Energy management contract is a kind of energy-saving mechanism based on the market, originated in the 1970s, the oil crisis in Europe, America, Japan, many are popularized and applied gradually, and has accumulated rich experience. Chinese scholars to the definition of contract management contract are similar. By 2010, June 9, the national development and reform commission announced the financial reward fund energy management contract, the interim measures for the administration of the contract to the concept of energy management. It refers to the energy services companies and energy-using units by contract agreement, saving energy form service company goal to provide the necessary service, energy-using units in energy conservation benefits payment services companies and reasonable profit. Energy-saving Services Company provides energy-using condition refers to the diagnosis and energy-saving design, project financing, the transformation and operation management and service. This is energy-saving service company profit for the purpose of business, but the nature of industry of energy conservation and emission reduction objectively plays a great role in promoting, is in accord with the government of low carbon and advocating the concept of ecological civilization, therefore, the energy management contract mechanism of support from the government commonly. The energy management contract mechanism as a win more mechanism, the energy dissipation users, service company, energy-saving equipment manufacturers, and financial institutions in the process to grab a slice of the mechanism, but also for the application and development of sustainable power provided. Energy contract management in the contract with the "management" on a fuzzy nature of this contract, the government seems to contain more easily, be understood as a administrative contract, but the 478

2 analysis of the contents of the contract, the contract with the management of energy used in our country " The contract law of PRC " in the contract and no different, it can be classified as a financing lease contract. In 1996, energy contract management pattern with "Chinese energy conservation projects", this project in China by the state economic and trade commission, the world bank, global development, environmental fund jointly established in Beijing YuanShen energy-saving technology,limited liability company of liaoning province, the energy saving technology development company and shandong province energy engineering Co., LTD (shandong melts shihua lease Co., LTD) three demonstrative energy management company, combined with the national condition of our country, the three companies energy-saving projects mainly focus on industrial enterprise, the three companies also represents the development of China's energy services companies general development track, successful experience and failure. Until 2009, China's energy service companies, more than 500 gross nearly 600 million Yuan. 3. The Chinese Contract Law of Energy Management Chinese government fully recognize the contract management mechanism, the effect of energy to the implementation of this mechanism, this effort is also mainly embodies in use of government policy tool to promote energy contract management mechanism of application. On March 16, 2000, the state economic and trade commission, the ministry of national quality technology supervision bureau, the further advance the green lighting project ". For the first time, it puts forward energy management this noun. It took the contract energy management as an effective measure to speed of illumination appliances popularization and application. "will be green lighting project into comprehensive resource planning and demand management, establish and perfect pilot project service company, adopting" energy "project energy management contract of financing mechanism, the implementation of lighting system reform" user. Between 2000 and 2006, the first state to comprehensive utilization of resources and energy saving five-year planning, the state council, national development and reform commission, the state economic and trade commission, the ministry of national quality technology supervision bureau, and promote the department has below the implementation of planning. On August 6, 2006, China promulgated by the state council on strengthening the work of energy; this is the first book about energy contract management of legal documents; in the application effectiveness is improved. This decision "accelerating push energy management contract, promote enterprise energy-saving technical renovation", energy contract management as the cultivation of energy service system is an important work to do. Then, the national construction ministry issued a circular on this decision, in order to promote the implementation opinions of the progress of work. On May 23, 2007, the state council issued the saving work plan, the comprehensive plan "regulation:" cultivating energy-saving service market, accelerate energy contract management, implement key support professional service company for enterprise and energy in party and government organs, public facilities and building schools provide diagnosis, saving transformation, design, operation and management and financing services." On October 28, 2007, the tenth National People's Congress, the 30th session of the standing committee of the People's Republic of China was revised saving energy law, first in the form of law clearly state taxation, price policy in the aspects of "contract" energy management support. The first paragraph 2 of article 66: "countries use fiscal policy support, price, etc, and promote the power demand side management, contract management, conservation of energy saving measures as voluntary agreement." August 1, 2008, the public institutions, the energy 531 began implementation regulations, it regulation: "first and public institutions can use energy contract management mode, service agencies entrusted energy saving design, financing, diagnosis, and management." By 2010, March 17, the state council meeting held, quicken implement energy management contract, promoting the development of service industry, energy policy measures for strengthening policy support and guide by market, accelerate energy of new technologies, new products, and constantly improve the popularization and application of the efficiency of energy utilization, and build a resource-conserving society. On April 2nd, development and reform commission, 479

3 ministry of finance, the people's bank of China and state administration of taxation jointly issued on speeding up the implementation of energy saving service contract management to promote the development of industry, the general office of the state council on forwarding requirements, all localities and departments must fully realize the implementation of energy conservation and development contract management service industry, and the important significance to take effective measures to create a good policy environment, promote efficiency service industry development. On May 4, the state council issued on further intensify efforts to ensure realization of "11th five-year plan" energy conservation and emission reduction targets of notice, request all regions and departments, the energy conservation and emission reduction in a more prominent position, formulating the region this year backward production task, and task decomposition to city, county and relevant enterprises. On June 9, the national development and reform commission announced the financial reward fund energy management contract, the interim measures for the administration of the proposed method in 2010 will arrange the central finance fund 20 million Yuan, the company adopts services for support saving energy contract management mode in industry, construction, transportation, etc, and public organizations implement energy saving transformation. Thus, a total of 58 in the applicable laws, rules, regulations and normative documents referred to in the energy management contract, from the file number and content of Chinese government can see from the introduction of energy management contract, to recognize the value and development of Chinese government energy management contract implementation of main basis is not hard and soft law means of law. The implementation of the energy management contract mechanism is very adverse. 4. The Energy Management Contract Legislative Suggestions The energy management contract mechanism of a successful application is necessary to give legal protection, especially hard law; therefore, the essential guarantee of our energy management contract has put forward the following Suggestions. 4.1 To energy management contract separately legislative imperative. In the United States, 46 states have passed on the legislation; the EMC is worth our using for reference. Separate legislation content should include such content: Energy company market access system should be further clear. At present, our company adopts the basic energy company, and no special requirements. From the nature of the companies, industry and commerce registration department also lack of energy services companies ", "energy conservation service companies, and other forms of company, its particularity don't reflect Energy-saving service companies implementing strict management. From our decades of energy contract mechanism, because the market credit mechanism and corresponding policies and measures, and the lack of energy and service companies (especially in small and medium-sized), energy service contract serious distortion existed in the credit relations and universal moral risk behavior, contract management, project in energy market process is facing a huge obstacles. [1] As the contract both sides, energy-saving and user service enterprise exists between the serious information asymmetry, if no energy services companies implement strict management, conservation service company fail to make the user will lose faith, is the development of energy contract management mechanism of hardship. The author thinks that the administration of energy conservation service company can implement enterprise qualification grade management, conservation service company shall, in accordance with regulations apply, not ratify enterprise qualification certificate of the energy service level of qualification certificate (hereinafter referred to as the enterprises), and shall not be engaged in energy saving services. From the enterprise shall have the conditions, including the enterprise's registered capital and the financing capability, is engaged in the service of energy saving, signed the contract, the performance of services and professional level, the enterprise can be divided into several levels (4), consider into the enterprise qualification and energy level in the project scale, the qualification grade enterprise in provisions within 480

4 the scope of business services, energy assumes task boss's head. The qualification of energy-saving service enterprise implements the annual inspection system. Scheduled for does not accord with qualification or bad management behavior of the enterprise, the original approval authority relegation qualification certificate or cancellation. Any unit and individual shall not be altered, leased, lent, sold qualification certificate Clear energy services companies of relevant rights and obligations, or clear energy security service on the terms of the contract, and the energy conservation service company investment returns right. Collect So far, our country about energy contract management does not see more, but this does not mean that energy management contract mostly got a very good performance. Instead, the energy conservation service companies often facing default cost saving, and considering the energy management contract performance, friendly cooperation period to implement the importance of saving energy project service company, it often take forbearance attitude, which further embolden the user's breach of contract, the parties perform becomes inflationary pressure. If the user bankruptcy, energy-saving fee according to general creditor can handle, energy is unable to safeguard the interests of the company. In addition, about saving equipment and facilities of the property rights transfer delay also finds, if the parties have agreed beforehand, it will become the contract between the parties. These problems are and energy management, the nature of the contract, some scholars believe that the energy management contract is a contract, the explanation of energy-saving service company is very adverse, scholars think energy management contract is a financial leasing contract. The author thinks that energy management contract should be from nature as a financing lease contract, but it is not typical and traditional financing lease contract, international leasing the means more similar leveraged lease. Leveraged lease financing lease is a special way of, also called balance leasing or lease by trade, is demanding party government to provide equipment rental and credit, and tax preferential leasing company to make equipment rental conditions of a kind of way, is a use of financial leverage principle of lease form. Leveraged lease of the syndicated loan, similar to the lessor by leasing equipment purchase 20 ~ 40% of the amount, and the rest of the main source of funds is absorbed bank loans and social idle capital; generally enjoy the benefits of lower taxes. It depends on the underlined by small and, for the leasing items made a huge amount of money. The contents of the contract with the traditional financing lease basic same, but because of the complexity of the contract becomes magnified many participants. At present, our rental market is not well developed, in the practice of the lease form of financing lease and sale of typical to rent two kinds, leveraged lease function hasn't played out. China has issued a financing lease, and this special legislation is not expected to contract, if can separate energy management legislation, can put leveraged lease contract content, and clear energy contract management of all participants in the contract, the rights and obligations of the operating mechanism of energy management of the impetus is huge Undoubtedly Consult us some state legislation, government buildings must be in accordance with the energy management contract way retrofit, the provisions of the contract, the longest energy management contract stipulates the contract number, the bidding process energy management. [2] 4.2 Perfect the relevant regulations and relevant system reform, for contract management mechanism of energy to escort. A heavier burden is restricted by the energy of the enterprise development is an important reason, 2010 April 2, development and reform commission, ministry of finance, the people's bank of China and state administration of taxation jointly issued on speeding up the implementation of the contract management to promote energy conservation service industry development, and puts forward the opinion of energy-saving service industry take proper tax policy support to business tax and value-added tax exemption of enterprise income tax, the reduction or exemption for the main content, but the specific measures shall be formulated separately, yet it is worth while. Relevant accounting system in the opinion of above mentioned, at all levels and government agencies and institutions, enterprises of how energy expenditure made specific provision, the expenditure of 481

5 energy, but how to confirm the service company and income. This article argues that the energy of the enterprise service (or share of energy-saving benefit - fees), change of revenue and expenditure, reflect the income of energy service company objectively and reflect. At the same time, we should perfect the financial and accounting systems and regulations, regulating the management of energy contract between specific business accounting, in order to promote energy saving of rapid and stable development. [3] To improve energy conservation positivity of enterprise, also need to develop industry highest and lowest limit consumption, energy efficiency standards, rewards and punishment system energy contract management in enterprise conscientiously implement conservation project. Form, 5. Conclusion The contract administration of energy conservation, the separate legislation, service company of energy-saving service company, and clear energy management contract party and the participant's rights and obligations, and through the reform and perfect the relevant laws, regulations and policies of the contract management mechanism, the energy in China's progress is necessary, also can't wait. References [1]. Zhang Shilian, Cai Henian, Piao Guofeng. the energy managment contract project and credit. architecture, 2009(1):55(in chinese) [2]. Lan YuJun. the current implementation of the energy managment contract, the main obstacles and countermeasures study. Shanghai energy-saving, 2009(11):3(in chinese) [3]. Qi wei, Liu Zhuang. The energy contract management application process of the main problems and countermeasures. Industry and commerce administration,2009(7):62(in chinese) 482

A Research for Structural Unemployment of College Students in Shandong Province

A Research for Structural Unemployment of College Students in Shandong Province A Research for Structural Unemployment of College Students in Shandong Province ZHU Qingmei, SUN Xiaoyan School of Economics, University of Jinan, P.R.China, 250011 se_zhuqm@126.com Abstract: During the

More information

Research on the Legal System of the Export Credit Insurance in China s Foreign Trade

Research on the Legal System of the Export Credit Insurance in China s Foreign Trade Voice of the Publisher, 2015, 1, 41-45 Published Online September 2015 in SciRes. http://www.scirp.org/journal/vp http://dx.doi.org/10.4236/vp.2015.12007 Research on the Legal System of the Export Credit

More information

PRC REGULATORY OVERVIEW

PRC REGULATORY OVERVIEW Our business is mainly conducted in China. The key laws and regulations regulating our business operations in China include the following: Measures on the Administration of Foreign Investment in the Leasing

More information

Research on Dilemma and Countermeasures of Auto Parts Remanufacturing Enterprises

Research on Dilemma and Countermeasures of Auto Parts Remanufacturing Enterprises Research on Dilemma and Countermeasures of Auto Parts Remanufacturing Enterprises Sun Yafei Shanghai University of Engineering Science China Abstract Since the National Development and Reform Commission

More information

CHINA TAX, ACCOUNTING, AND AUDIT IN 2014-2015. IV. Accounting, Audit and Tax Compliance V. International Taxation

CHINA TAX, ACCOUNTING, AND AUDIT IN 2014-2015. IV. Accounting, Audit and Tax Compliance V. International Taxation TAX, ACCOUNTING, AND AUDIT IN CHINA 2014-2015 I. China s Tax System II. China s Business Taxes III. Individual Income Tax IV. Accounting, Audit and Tax Compliance V. International Taxation Produced in

More information

Notice of the China Banking Regulatory Commission (CBRC) and the National Development and Reform Commission (NDRC) on Issuing the

Notice of the China Banking Regulatory Commission (CBRC) and the National Development and Reform Commission (NDRC) on Issuing the Notice of the China Banking Regulatory Commission (CBRC) and the National Development and Reform Commission (NDRC) on Issuing the Energy Efficiency Credit Guidelines CBRC (2015) No.2 CBRC local offices,

More information

TAXATION AND FOREIGN EXCHANGE

TAXATION AND FOREIGN EXCHANGE TAXATION OF EQUITY HOLDERS The following is a summary of certain PRC and Hong Kong tax consequences of the ownership of H Shares by an investor that purchases such H Shares in the Global Offering and holds

More information

Study on tax system reform in China

Study on tax system reform in China Study on tax system reform in China Zhang Xuedan RIFS,MOF,PRC Main Contents 一 reform 二 Tax revenues since 1994 三 Problems of current tax system 四 Some thoughts on new tax system reform in China 一 After

More information

Research on Construction of Fiscal and Tax Mechanism of China's Energy-saving Industry

Research on Construction of Fiscal and Tax Mechanism of China's Energy-saving Industry Proceedings of the 8th International Conference on Innovation & Management 313 Research on Construction of Fiscal and Tax Mechanism of China's Energy-saving Industry Yang Feng, Wang Dongwei, Si Danmin

More information

International Experience of Environmental Pollution Liability Insurance

International Experience of Environmental Pollution Liability Insurance International Experience of Environmental Pollution Liability Insurance Huilan Guo 1 1 School of Economics, Northwest University for Nationalities, Lanzhou, China Correspondence: Huilan Guo, School of

More information

The Positive Role of Audit in Public Debt Management in China

The Positive Role of Audit in Public Debt Management in China The Positive Role of Audit in Public Debt Management in China (for the 1 st ASOSAI-EUROSAI Joint Conference) September 2011, Turkey By Dr. DONG Dasheng, the first Deputy Auditor Introduction Since 2008,

More information

Research on small and medium enterprises financing mode based on supply chain finance

Research on small and medium enterprises financing mode based on supply chain finance Available online www.jocpr.com Journal of Chemical and Pharmaceutical Research, 0, ():88-8 Research Article ISSN : 09-8 CODEN(USA) : JCPRC Research on small and medium enterprises financing mode based

More information

Pilot Free Trade Zone Shanghai

Pilot Free Trade Zone Shanghai Pilot Free Trade Zone Shanghai Shanghai s first Free Trade zone was launched in September 2013, targeted to make Shanghai an international trade and finance hub. It was established on the strategic decision

More information

Detailed Recommendations 4: Strengthen Discounted Green Loans

Detailed Recommendations 4: Strengthen Discounted Green Loans Detailed Recommendations 4: Strengthen Discounted Green Loans 4 This is a background paper to the report: Establishing China s Green Financial System published by the Research Bureau of the People s Bank

More information

Chapter 1 Legislative Background and Tax Reform

Chapter 1 Legislative Background and Tax Reform Chapter 1 Legislative Background and Tax Reform The Chinese tax system has recently developed closely to the economic growth of the country. The entry of China into the World Trade Organization (WTO) and

More information

China s Controlled Foreign Corporation (CFC) Rules

China s Controlled Foreign Corporation (CFC) Rules China s Controlled Foreign Corporation (CFC) Rules Liao Tizhong: Deputy Director General of International Taxation of the State Administration of Taxation of the P. R. China In 2008, China launched a major

More information

2011 China International Financial Leasing Convention. Invitation Letter. May 18, 2011. Tianjin, China

2011 China International Financial Leasing Convention. Invitation Letter. May 18, 2011. Tianjin, China Invitation Letter May 18, 2011 Tianjin, China Peace, Cooperation and Development are still the key words in our new century. The global financial crisis has attacked the economic systems of all kinds and

More information

Research on the Way of Promoting Environmental Pollution Liability Insurance in China

Research on the Way of Promoting Environmental Pollution Liability Insurance in China Research on the Way of Promoting Environmental Pollution Liability Insurance in China Huilan Guo 1 1 School of Economics, Northwest University for Nationalities, Lanzhou, China Correspondence: Huilan Guo,

More information

Development of Public Administration in China: Since 1978 Mao Shoulong (Draft)

Development of Public Administration in China: Since 1978 Mao Shoulong (Draft) Development of Public Administration in China: Since 1978 Mao Shoulong (Draft) Since the end of 1978, China s economy has developed very quickly because of the introducing of reform and opening up policy.

More information

Status of China s regional trading programs: progress and challenge

Status of China s regional trading programs: progress and challenge Status of China s regional trading programs: progress and challenge Fei TENG Institute of Energy, Environment and Economy, Tsinghua University 2013 Aug 13-15 Contents Background Pilot project at local

More information

An Analysis of Overweighed Higher Education Cost in Impoverished Countryside Families

An Analysis of Overweighed Higher Education Cost in Impoverished Countryside Families An Analysis of Overweighed Higher Education Cost in Impoverished Countryside Families Guoqiang Tang & Xian Zhan College of Management, Tianjin Polytechnic University Tianjin 300387, China E-mail: zhangxian842003@yahoo.com.cn

More information

Small Joint-stock Commercial Bank Lending to Small Business Risk Analysis

Small Joint-stock Commercial Bank Lending to Small Business Risk Analysis Small Joint-stock Commercial Bank Lending to Small Business Risk Analysis WANG Shuying, YAN Chao School of Management, Zhengzhou University, P.R.China, 450001 yanmaohou@yahoo.com.cn Abstract: in China

More information

Gao Peiyong* * Gao Peiyong, Professor, Renmin University, Beijing, China. E-mail: gaopy@263.net.

Gao Peiyong* * Gao Peiyong, Professor, Renmin University, Beijing, China. E-mail: gaopy@263.net. The Scale of Public Debt in China Gao Peiyong* In measuring the present scale of China s public debt, cess has public debt in China experienced? Thirdly, facing the current situation of public debt in

More information

Detailed Recommendations 12: Create a Compulsory Green Insurance System

Detailed Recommendations 12: Create a Compulsory Green Insurance System Detailed Recommendations 12: Create a Compulsory Green Insurance System 12 This is a background paper to the report: Establishing China s Green Financial System published by the Research Bureau of the

More information

TAXATION AND FOREIGN EXCHANGE

TAXATION AND FOREIGN EXCHANGE 1. TAXATION OF SECURITY HOLDERS The taxation of income and capital gains of holders of H Shares is subject to the laws and practices of the PRC and of jurisdictions in which holders of H Shares are resident

More information

Economic Planning in China by Gregory C. Chow, Princeton University CEPS Working Paper No. 219 June 2011

Economic Planning in China by Gregory C. Chow, Princeton University CEPS Working Paper No. 219 June 2011 Economic Planning in China by Gregory C. Chow, Princeton University CEPS Working Paper No. 219 June 2011 Economic Planning in China Gregory C. Chow This paper provides an up-to-date study of economic planning

More information

REGULATORY OVERVIEW. PRC Laws and Regulations Relating to the Product Liability

REGULATORY OVERVIEW. PRC Laws and Regulations Relating to the Product Liability Although our Company was incorporated in the Cayman Islands, a substantial part of our Group s operations are conducted in the PRC and are governed by PRC Laws and Regulations. This section sets out summaries

More information

Research on the Exploration and Practice on Forest Property Mortgage Loan of Liaoning Province in China

Research on the Exploration and Practice on Forest Property Mortgage Loan of Liaoning Province in China Research on the Exploration and Practice on Forest Property Mortgage Loan of Liaoning Province in China YU Lihong, LIU Gaoli School of Economics and Management, Shenyang Agricultural University, China,

More information

Research on Construction Surety Bond Types in Land Consolidation in China

Research on Construction Surety Bond Types in Land Consolidation in China Research on Construction Surety Bond Types in Land Consolidation in China ZHANG Pengtao 1, WANG Lixiang 2 1 College of Rural and Urban Construction, Agricultural University of Hebei, Baoding, Hebei, P.

More information

TAXATION AND FOREIGN EXCHANGE

TAXATION AND FOREIGN EXCHANGE This appendix contains a summary of laws and regulations in respect of taxation and foreign exchange in Hong Kong and the PRC. I. TAXATION IN THE PRC 1. Taxes Applicable to Joint-Stock Limited Companies

More information

Analysis on the Advantages and Disadvantages of Clothing Network Marketing

Analysis on the Advantages and Disadvantages of Clothing Network Marketing Analysis on the Advantages and Disadvantages of Clothing Network Marketing Liya Zhao Shanghai University of Engineering Science Fashion Institute Shanghai, China Jing Zhou Shanghai University of Engineering

More information

Research on the System Construction of the Railway Enterprise Project Contract Management

Research on the System Construction of the Railway Enterprise Project Contract Management doi: 10.14355/ijmser.2015.0202.03 Research on the System Construction of the Railway Enterprise Project Contract Management Qin Yebin Economics and Management School of Wuhan University, Wuhan 430072,

More information

SUMMARY OF CONTENTS. Economic Cooperation

SUMMARY OF CONTENTS. Economic Cooperation SUMMARY OF CONTENTS Economic Cooperation The Chinese central government and the government of the Hong Kong SAR have signed a Supplement IV to the Mainland and Hong Kong Closer Economic Partnership Arrangement

More information

THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE

THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE THE CONTRACT FOR SINO-FOREIGN EQUITY JOINT VENTURE Chapter 1 General Provisions In accordance with the Law of the People s Republic of China on Joint Ventures Using Chinese and Foreign Investment (the

More information

New challenges faced by the world s energy development and the energy strategy of China

New challenges faced by the world s energy development and the energy strategy of China New challenges faced by the world s energy development and the energy strategy of China Feng Fei Development Research Center of the State Council I. New challenges faced by the world s energy development:

More information

Pension Reform and Implicit Pension Debt in China

Pension Reform and Implicit Pension Debt in China Pension Reform and Implicit Pension Debt in China Jia Kang, Zhang Xiaoyun, Wang Min, Duan Xuezhong (Institute of Fiscal Science, MOF). Evolution of the Pension System for Enterprise Employees in China.

More information

The International Comparative Study of Long-Term Care Insurance System

The International Comparative Study of Long-Term Care Insurance System International Journal of Business and Social Science Vol. 5 No. 2; February 2014 The International Comparative Study of Long-Term Care Insurance System Wei Wang Youchun Tang Shanghai University of Engineering

More information

Analysis on E-Commerce Crisis in China in the International Trade Environment

Analysis on E-Commerce Crisis in China in the International Trade Environment Modern Economy, 2016, 7, 71-76 Published Online January 2016 in SciRes. http://www.scirp.org/journal/me http://dx.doi.org/10.4236/me.2016.71008 Analysis on E-Commerce Crisis in China in the International

More information

Comparing Representative Office and Wholly Foreign Owned Enterprise

Comparing Representative Office and Wholly Foreign Owned Enterprise Tax, Audit, Accounting and Legal News ECOVIS Special Info RO/WFOE Comparing Representative Office and Wholly Foreign Owned Enterprise Key Points Foreign Investors need to know ECOVIS Beijing China About

More information

Asset finance & leasing in China and Hong Kong

Asset finance & leasing in China and Hong Kong Asset finance & leasing in China and Hong Kong Catherine Tsang Partner Hong Kong Clarence Leung Director Hong Kong Agenda 1. Why Lease? 2. Global leasing markets 3. The development of the China and Hong

More information

The Economic Outlook of Hong Kong. in the Context of China s 12th Five-Year Plan

The Economic Outlook of Hong Kong. in the Context of China s 12th Five-Year Plan The Economic Outlook of Hong Kong in the Context of China s 12th Five-Year Plan A Speech by Dr Victor Fung to the Students and Professionals at Savantas Liberal Arts Academy 匯 賢 智 庫 學 苑 on 21 May 2011

More information

This document has been provided by the International Center for Not-for-Profit Law (ICNL).

This document has been provided by the International Center for Not-for-Profit Law (ICNL). This document has been provided by the International Center for Not-for-Profit Law (ICNL). ICNL is the leading source for information on the legal environment for civil society and public participation.

More information

Small and Medium-Sized Enterprise Human Resources Management Outsourcing Feasibility Study in China

Small and Medium-Sized Enterprise Human Resources Management Outsourcing Feasibility Study in China International Journal of Business and Social Science Vol. 5, No. 7; June 2014 Small and Medium-Sized Enterprise Human Resources Management Outsourcing Feasibility Study in China Hepeng School of Management

More information

Chapter I General Provisions

Chapter I General Provisions Interim Measures of the Customs of the People's Republic of China on Supervision and Control of Export Processing Areas (Approved by the State Council on April 27, 2000, and promulgated by Decree No.81

More information

Analysis of staff training needs at Xiahua Factory based on OTP mode Huizhen Zheng

Analysis of staff training needs at Xiahua Factory based on OTP mode Huizhen Zheng 2014 International Conference on Economic Management and Social Science (EMSS 2014) Analysis of staff training needs at Xiahua Factory based on OTP mode Huizhen Zheng Beifang Univesity of Nationalities,

More information

Detailed Recommendations 8: Establish a Green Rating System

Detailed Recommendations 8: Establish a Green Rating System Detailed Recommendations 8: Establish a Green Rating System 8 This is a background paper to the report: Establishing China s Green Financial System published by the Research Bureau of the People s Bank

More information

Seize Opportunity and Steer Right Direction to Actively and Practically Promote the Development of E-Commerce in China

Seize Opportunity and Steer Right Direction to Actively and Practically Promote the Development of E-Commerce in China Seize Opportunity and Steer Right Direction to Actively and Practically Promote the Development of E-Commerce in China Song Lin, Director of Informatization Promotion Department of Information Industry

More information

An Introduction to CNAO's Audits of Government Debts

An Introduction to CNAO's Audits of Government Debts An Introduction to CNAO's Audits of Government Debts Government debts are a common phenomenon in modern market economies. Moderate indebtedness plays a positive role in boosting economic and social development,

More information

Ship finance leasing in China

Ship finance leasing in China Ship finance leasing in China FINANCIAL INSTITUTIONS ENERGY INFRASTRUCTURE, MINING AND COMMODITIES TRANSPORT TECHNOLOGY AND INNOVATION PHARMACEUTICALS AND LIFE SCIENCES Jonathan Silver Of Counsel, Norton

More information

Fact-finding Study on Japan s Energy Management Policies

Fact-finding Study on Japan s Energy Management Policies Fact-finding Study on Japan s Energy Management Policies Proposals for Developing Countries Summary Junko Ogawa * Fuyuhiko Noda ** Yukari Yamashita *** An anticipated worldwide increase in demand for energy

More information

Construction of China s Publishing Enterprise Agile Supply Chain

Construction of China s Publishing Enterprise Agile Supply Chain Construction of China s Publishing Enterprise Agile Supply Chain Mei juan Zhang 1, Yun Cai 2, Xiang Hui Yang 2 1 Zhang Mei Juan, Dr., associate professor, School of Information Management of Wuhan University,

More information

Credit risk management of commercial bank

Credit risk management of commercial bank Available online www.jocpr.com Journal of Chemical and Pharmaceutical Research, 2014, 6(5):1784-1788 Research Article ISSN : 0975-7384 CODEN(USA) : JCPRC5 Credit risk management of commercial bank Qian

More information

Construction Project Management in China and Its Development Prospect

Construction Project Management in China and Its Development Prospect CIB TG 23 International Conference, October 2003, Hong Kong Page 1 of 8 Construction Project Management in China and Its Development Prospect Bosen He Email: hetju@hotmail.com Management School, Tianjin

More information

Real estate investment project risk analysis

Real estate investment project risk analysis Available online www.jocpr.com Journal of Chemical and Pharmaceutical Research, 2014, 6(5):1789-1794 Research Article ISSN : 0975-7384 CODEN(USA) : JCPRC5 Real estate investment project risk analysis Li

More information

Study on the financing methods of China's listed companies

Study on the financing methods of China's listed companies 2011 3rd International Conference on Information and Financial Engineering IPEDR vol.12 (2011) (2011) IACSIT Press, Singapore Study on the financing methods of China's listed companies Xiya Luo 1 School

More information

Introduction of Three New Regulations related to Freight Forwarder in China

Introduction of Three New Regulations related to Freight Forwarder in China 服 务 创 造 价 值 Introduction of Three New Regulations related to Freight Forwarder in China Dr. Yang Yuntao Contents New provisions regulating the trial of sea freight forwarding disputes Implementation Opinions

More information

A Study on China s Economic Transformation and the Innovation of Marketing Strategy

A Study on China s Economic Transformation and the Innovation of Marketing Strategy 1084 A Study on China s Economic Transformation and the Innovation of Marketing Strategy Jiang Wenqin, Xu Yanfeng Shandong Institute of Business and Technology, Shandong Yantai, P.R.China, 264005 (E-mail:

More information

Temporary Measures on Overseas Use of Foreign Exchange Insurance Funds 保 险 外 汇 资 金 境 外 运 用 管 理 暂 行 办 法

Temporary Measures on Overseas Use of Foreign Exchange Insurance Funds 保 险 外 汇 资 金 境 外 运 用 管 理 暂 行 办 法 Temporary Measures on Overseas Use of Foreign Exchange Insurance Funds 保 险 外 汇 资 金 境 外 运 用 管 理 暂 行 办 法 Chapter I General Provisions Article 1 These Measures are formulated in accordance with the Insurance

More information

Research on the Tax Burden of Chinese Insurance Companies After Replacing the Business Tax with a Value-added Tax

Research on the Tax Burden of Chinese Insurance Companies After Replacing the Business Tax with a Value-added Tax International Business and Management Vol. 10, No. 1, 2015, pp. 111-116 DOI:10.3968/6510 ISSN 1923-841X [Print] ISSN 1923-8428 [Online] www.cscanada.net www.cscanada.org Research on the Tax Burden of Chinese

More information

Development Proposals in China s Bond Market Based on Major Capital Markets Overseas and Inter-bank Market Experience Liu Xiaoti

Development Proposals in China s Bond Market Based on Major Capital Markets Overseas and Inter-bank Market Experience Liu Xiaoti International Conference on Education, Management and Computing Technology (ICEMCT 2015) Development Proposals in China s Bond Market Based on Major Capital Markets Overseas and Inter-bank Market Experience

More information

Draft version for internal discussion only. 1. Circular 16 Stricter Rules on Overseas Remittance to Affiliates

Draft version for internal discussion only. 1. Circular 16 Stricter Rules on Overseas Remittance to Affiliates Tax - China 1-2015 April Draft version for internal discussion only 1. Circular 16 Stricter Rules on Overseas Remittance to Affiliates It has been a usual topic in China how the foreign investors cash

More information

South-South Cooperation in China

South-South Cooperation in China Resource Mobilization Information Digest N o 208 February 2013 South-South Cooperation in China Contents 1. Introduction... 2 2. Evolution of Chinese foreign aid policy... 2 3. Resources for Chinese foreign

More information

Vocational Education Law of the People's Republic of China

Vocational Education Law of the People's Republic of China Vocational Education Law of the People's Republic of China (Adopted at the 19th Meeting of the Standing Committee of the Eighth National People's Congress on May 15, 1996 and promulgated by Order No. 69

More information

Since the late 1970s, China s transformation

Since the late 1970s, China s transformation The Circular Economy A New Development Strategy in China Zengwei Yuan, Jun Bi, and Yuichi Moriguichi Since the late 1970s, China s transformation from a planned economy to one that is market-based and

More information

Companies Law of the People's Republic of China

Companies Law of the People's Republic of China Companies Law of the People's Republic of China Order of the President of the People s Republic of China No. 42 The Companies Law of the People s Republic of China has been revised and adopted at the 18th

More information

Factoring: A n Effective Financing Option to SMEs in China

Factoring: A n Effective Financing Option to SMEs in China Factoring: A n Effective Financing Option to SMEs in China FENG Yue Economics and Management Department, Nanjing Institute of Technology, P.R.China, 211167 fengyue@njit.edu.cn Abstract: Factoring is a

More information

HAIER ELECTRONICS GROUP CO., LTD (STOCK CODE: 1169)

HAIER ELECTRONICS GROUP CO., LTD (STOCK CODE: 1169) To: Business Editor [For immediate release] HAIER ELECTRONICS GROUP CO., LTD (STOCK CODE: 1169) ANNOUNCES INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2012 TURNOVER UP 8.4% TO RMB 26,303,993,000 PROFIT

More information

Research on Liquidity Risk Information Disclosure of China s Commercial Banks

Research on Liquidity Risk Information Disclosure of China s Commercial Banks Research on Liquidity Risk Information of China s Commercial Banks SHI Yanli 1, GUO Xuemeng 1, SUN Yuanyuan 1,2 1. School of Economics and Management, Beijing Jiaotong University, China, 100044 2. Business

More information

Analysis of Accounting Disclosure Mode for Strengthening Corporate Social Responsibility

Analysis of Accounting Disclosure Mode for Strengthening Corporate Social Responsibility Analysis of Accounting Mode for Strengthening Corporate Social Responsibility Fang Han & Zhihong Zhang School of Accounting, Shandong Economic University, Jinan 250014, China E-mail: seefangfangsea@126.com

More information

EnMS under China s Top- 10,000 Program

EnMS under China s Top- 10,000 Program EnMS under China s Top- 10,000 Program Program Summary China s mandatory energy conservation target- setting policy for large energy users, known as the Top- 10,000 Program (*1), was introduced in 2011.

More information

Research on Technological Innovation Network of Colleges under Regional Economic Development. Aiwen Wang

Research on Technological Innovation Network of Colleges under Regional Economic Development. Aiwen Wang International Conference on Education, Management and Computing Technology (ICEMCT 2015) Research on Technological Innovation Network of Colleges under Regional Economic Development Aiwen Wang School of

More information

Status, Problem and Countermeasure of Statistics on. China Rural Relief Work

Status, Problem and Countermeasure of Statistics on. China Rural Relief Work Status, Problem and Countermeasure of Statistics on China Rural Relief Work Shanshan He Ministry of Civil Affairs of The people s Republic of China The Ministry of Civil Affairs of the People s Republic

More information

Research on the professional ethics issues of CPA in China

Research on the professional ethics issues of CPA in China SHS Web of Conferences 17, 02007 (2015 ) DOI: 10.1051/ shsconf/201517 02007 C Owned by the authors, published by EDP Sciences, 2015 Research on the professional ethics issues of CPA in China Xuejun Zhang,

More information

Analysis of Development Causes and Risk Prevention to Logistics Financing

Analysis of Development Causes and Risk Prevention to Logistics Financing Analysis of Development Causes and Risk Prevention to Logistics Financing SHUAI Bin 1, YAN Ying 2 1. School of Traffic and Transp., Southwest Jiaotong University, Chengdu 610031, China 2. School of Logistics,

More information

Analysis of Inventory Management in China Enterprises

Analysis of Inventory Management in China Enterprises Analysis of Inventory Management in China Enterprises JIAO Jianling, LI Kefei School of Accounting, Hebei University of Economics and Business, China, 050061 jeanjiao@tom.com Abstract: Inventory management

More information

C H I N A L E G A L B R I E F I N G * 2 1 0

C H I N A L E G A L B R I E F I N G * 2 1 0 C H I N A L E G A L B R I E F I N G * 2 1 0 ARCH 8 14, 2010 MARCH * CHINA LEGAL BRIEFING is a weekly collection of Chinese law related news gathered from various media and news services, edited by - LAW

More information

Research on Perfecting the Rural Social Endowment Insurance System in Yangtze River Delta

Research on Perfecting the Rural Social Endowment Insurance System in Yangtze River Delta Research on Perfecting the Rural Social Endowment Insurance System in Yangtze River Delta Shufen Zhou 1, Lin Han 1, Hong Wang 1 & Keying Bi 1 1 College of Social Sciences, Shanghai University of Engineering

More information

The Financing and Corporate Governance Effect of Issuing Corporate Bonds by Listed Companies

The Financing and Corporate Governance Effect of Issuing Corporate Bonds by Listed Companies The Financing and Corporate Governance Effect of Issuing Corporate Bonds by Listed Companies ZHANG Jingmin Beijing Jiaotong University, 100044 Abstract: This paper pays attention to the issuance of corporate

More information

The Analysis of Return Reverse Logistics Management Strategy Based on B2C Electronic Commerce. Guogang Li a, Weiwei Li b

The Analysis of Return Reverse Logistics Management Strategy Based on B2C Electronic Commerce. Guogang Li a, Weiwei Li b International Conference on Economics, Social Science, Arts, Education and Management Engineering (ESSAEME 2015) The Analysis of Return Reverse Logistics Management Strategy Based on B2C Electronic Commerce

More information

TECHNICO HORTICULTURAL (KUNMING) CO. LIMITED

TECHNICO HORTICULTURAL (KUNMING) CO. LIMITED MANAGEMENT REPORT FOR THE YEAR ENDED 31 st DECEMBER, 2014 Your management submits its report for the financial year ended 31 st December, 2014. Corporate Information Technico Horticultural (Kunming) Co

More information

On-going Reform of Grassroots Administrative System in Rural China: Founding and Performance of Villager s Commission

On-going Reform of Grassroots Administrative System in Rural China: Founding and Performance of Villager s Commission 219 On-going Reform of Grassroots Administrative System in Rural China: Founding and Performance of Villager s Commission WANG MANCHUAN, China National School of Administration Beijing, People s Republic

More information

China s Removal of English from Gaokao

China s Removal of English from Gaokao INTERNATIONAL HIGHER EDUCATION Number 75 Spring 2014 Pages 12-13 China s Removal of English from Gaokao YANG RUI Yang Rui is professor and director, at the Comparative Education Research Center, University

More information

As Powerful as Water

As Powerful as Water As Powerful as Water With enhanced power by accumulating strengths and taking advantageous terrain, water occupies a leading position when it runs from the peak. Strategy of Maintaining a Leading Position

More information

Study on the Theory and Practice of Loan Pricing of Banks of Village and Town in China

Study on the Theory and Practice of Loan Pricing of Banks of Village and Town in China Study on the Theory and Practice of Loan Pricing of Banks of Village and Town in China YU Lihong, LAN Qinggao School of Economics and Management, Shenyang Agricultural University, China, 110866 jane_yu2008@163.com

More information

Vocational Education Law of the People's Republic of China

Vocational Education Law of the People's Republic of China http://www.moe.edu.cn/english/laws_v.htm Downloaded from the Ministry of Education of the People s Republic of China (24/08/2009) Vocational Education Law of the People's Republic of China (Adopted at

More information

Small and Medium-sized Enterprises (SME) Forum

Small and Medium-sized Enterprises (SME) Forum Introduction to the Forum The was established in 2005 and acts as a platform for European SMEs to share experiences and provide practical information to support their business success in China. The Forum

More information

Research on the Cigarette Brand Competitiveness Promotion Strategy Based on Coordination Marketing

Research on the Cigarette Brand Competitiveness Promotion Strategy Based on Coordination Marketing Research on the Cigarette Brand Competitiveness Promotion Strategy Based on Coordination Marketing CHEN Baosen School of economy and management, Sichuan agricultural university, Ya an, P.R.China, 625014

More information

China s Government Accounting Reform: Research Progress, Challenges and Future Plan

China s Government Accounting Reform: Research Progress, Challenges and Future Plan China s Government Accounting Reform: Research Progress, Challenges and Future Plan LOU Hong, Deputy Director-General Treasury Department, Ministry of Finance Ministry of Finance People s Republic of China

More information

INDUSTRY OVERVIEW OUTSOURCING OF SOFTWARE DEVELOPMENT AND SERVICES

INDUSTRY OVERVIEW OUTSOURCING OF SOFTWARE DEVELOPMENT AND SERVICES The information presented in this section and elsewhere in this prospectus relating to the software market of selective countries is derived from various publications and news reports. Such information

More information

The Transition of China s Development Model

The Transition of China s Development Model The Transition of China s Development Model Ming Zhang From 1978 to 2010, China has achieved a continuous high economic growth under controllable inflation pressure. During the 33 years, the average GDP

More information

Beijing Rural Economic Cooperation Management Office LOGO

Beijing Rural Economic Cooperation Management Office LOGO Beijing Rural Economic Cooperation Management Office Contents Outline I History of Development II Main Approaches III Application and Effect IV Problems and Suggestions V. Some Understandings Outline According

More information

Provisional Measures for Construction Project Management

Provisional Measures for Construction Project Management Provisional Measures for Construction Project Management Article 1 Article 2 Purpose and Basis This Provisional Measure is promulgated in accordance with relevant Chinese laws and administrative regulations

More information

Research on High Performance Horse Feed Supplement in Chinese Market

Research on High Performance Horse Feed Supplement in Chinese Market Research on High Performance Horse Feed Supplement in Chinese Market Concerned Market Overview Equestrian and horse racing, horse race betting and equestrian club are the 3 key factors for the development

More information

NTD INTELLECTUAL PROPERTY

NTD INTELLECTUAL PROPERTY NTD INTELLECTUAL PROPERTY ISSUE 01, 2006 Main Contents: 1. Online Search of Trademark Registration Information Available to the Public 2. Criminals of Patent Frauds Sentenced to Prison in Hubei Province

More information

SSE Newsletter. September 2013. Vol. 9. Highlights:

SSE Newsletter. September 2013. Vol. 9. Highlights: Vol. 9 SSE Newsletter September 2013 Highlights: SSE Composite and trading volume of September 2013 show slight increase compared with that of the previous month. CSRC issued policies to boost FTZ(Free

More information

Research on Tax Burden and Industrial Structure Optimization of Guangdong Province

Research on Tax Burden and Industrial Structure Optimization of Guangdong Province Open Journal of Social Sciences, 2016, 4, 108-114 Published Online February 2016 in SciRes. http://www.scirp.org/journal/jss http://dx.doi.org/10.4236/jss.2016.42015 Research on Tax Burden and Industrial

More information

Business Perspectives to Financial Subsidies for Industrial Energy Saving: A Survey Study in China and Korea

Business Perspectives to Financial Subsidies for Industrial Energy Saving: A Survey Study in China and Korea Full paper for JSEEPS 2014 Business Perspectives to Financial Subsidies for Industrial Energy Saving: A Survey Study in China and Korea ( ) Xianbing LIU 1 and Sunhee SUK 2 [Abstract] This paper presents

More information

Details on the Carbon Tax (Tax for Climate Change Mitigation)

Details on the Carbon Tax (Tax for Climate Change Mitigation) Details on the Carbon Tax (Tax for Climate Change Mitigation) Introduction of Carbon Tax Contents 1. Background and Purpose of Carbon Tax 2. Mechanism of Carbon Tax 3. Household Burden due to Carbon Tax

More information

The Study on the Personal Income Tax of the Policyholder Dividends and Its Impact on Chinese Insurance Industry

The Study on the Personal Income Tax of the Policyholder Dividends and Its Impact on Chinese Insurance Industry ibusiness, 2013, 5, 58-63 doi:10.4236/ib.2013.51b013 Published Online March 2013 (http://www.scirp.org/journal/ib) The Study on the Personal Income Tax of the Policyholder Dividends and Its Impact on Chinese

More information

The China Coal Consumption Cap Plan and Policy Research Project

The China Coal Consumption Cap Plan and Policy Research Project The China Coal Consumption Cap Plan and Policy Research Project China is the world's largest producer and consumer of coal, accounting for nearly half of the world s total annual coal consumption. While

More information