This piece of legislation marks a significant development of China's securities markets as it opens up the A share and domestic bond markets to foreign investment for the first time. It lays down the application and qualification standards of QFII.
A circular on the principles, procedures and rules regarding the transfer of state-owned shares and legal person shares in Listed companies to foreign investors issued by the CSRC, MOF and SETC.
China's continuing efforts to create a sound tax collection system include strengthening the tax authorities and adding provisions favourable to taxpayers.
The new copryright law implementing regulations are intended to bring China's copyright regime closer to full compliance with the TRIPs Agreement of the World Trade Organization