By Florence Li, Baker & McKenzie, Hong Kong
The PRC Granting and Assigning Leaseholds in State-owned Urban Land Tentative Regulations (中华人民共和国城镇国有土地使用权出让和转让暂行条例, the Land Grant Regulations), promulgated in May 1990, provide that land use rights shall be granted by agreement, by invitation of tenders or by auction

