The Provisions are formulated to clarify the application of the PRC Company Law in trials concerning the establishment of companies, capital contributions and confirmation of equity interests.
The Circular clarifies the scope of technology transfers, which includes the transfer by tax-resident enterprises of proprietary technology, copyrights in computer software, rights in layout-designs of integrated circuits, new varieties of plants and new biopharmaceutical products.
The Circular defines the acquisition of domestic enterprises by foreign enterprises that is subject to security review as well as the subject of such review.
The Provisions detail the activities that a business operator having a dominant market position is prohibited from carrying out as well as the determination of whether a business operator has a dominant market position.
The Measures set forth the procedures for establishment of foreign-invested equity investment enterprises and foreign-invested equity investment management enterprises.