Zhang Jixing, director general of Sinopec's legal department, spoke with China Law & Practice on sustainable development, globalisation and pioneering bond deals
The CSRC has released Measures opening up the wealth management sector to futures companies, while SAFE has issued an Announcement removing verification procedures of foreign exchange received from exports.
The China Securities and Regulatory Commission has issued draft Measures allowing employees to enjoy shareholding schemes. The China Insurance and Regulatory Commission has also released Measures disallowing shareholders of insurance companies to sell privately offered bonds to their own company
China's National Association of Financial Market Institutional Investors (NAFMII) has released draft rules for a securitisation instrument for non-financial issuers
The China Securities and Regulatory Commission issued Measures for securities investments by QFIIs, lowering the qualification thresholds. China Insurance Regulatory Commission also released Measures forcing insurance companies to set up separate accounts for its assets.
The China Insurance Regulatory Commission has released a series of regulations relaxing investments with insurance proceeds. The China Banking Regulatory Commission has released a set of guidelines replacing bank performance by deadlines with new criteria.
The opening of the first wholly Taiwan-funded hospital in Shanghai last month is a strong signal that the healthcare sector is opening-up to foreign investment, but local policies need to catch-up with national level legislation
The SPC has released an Interpretation on the Law during employment disputes and an Official Reply on accepting debt claims from tax arrears of bankrupt enterprises. The State Administration of Taxation also produced an announcement on the beneficial owner in tax agreements.
After ten years, the NPC has finally passed an Immigration Law providing a unified platform for managing immigration. China Law & Practice spoke with two leading employment lawyers to determine how the Law will affect immigration policies