Recent reports indicate that India is set to beef up its direct selling legislation in order to further support and develop the industry.
The ICAC, India
The China Banking Regulatory Commission is set to tighten banks capital rules by excluding subordinated bonds sold to other banks from their capital base.
According to the Foreign Investment Department, Vietnam attracted US$10.1 billion of foreign direct investment during the first seven months of 2009.
The Shenzhen government released the Administrative Measures of Shenzhen for the Recognition of High and New Technology Enterprises earlier this month, laying out two sets of rules regarding the recognition of high-tech enterprises in the city.
The Indian government is considering opening the education industry for foreign education companies and other cross-border players.
U.S. taxpayers holding financial interest or other authority over a financial account in a foreign country amounting to more than US$10,000 are required to file the annual Foreign Bank Account Report (FBAR) by June 30th of the following year.
The Indian government may extend tax exemptions to March 31, 2010 for the exports earnings of information technology units doing business in the Software Technology Parks of India.
Starting next month, Hong Kong businesses will be able to settle international trade in yuan with companies in Guangzhou, Shenzhen, Shanghai, Dongguan and Zhuhai.