Law Digest

Hong Kong and Macao investors are allowed to set up wholly-owned medical institutions in the mainland.

Housing and travel allowances of foreign expatriates of insurance companies may be excluded from their bonus limits.

 National legislation Banking Guiding Opinions on Innovation in the Capital Instruments of Commercial Banks 關于商業銀行資本工具創新的指導意見L3600/12.11.29 Constitution…

Securities companies are allowed to be financial product sales agents.

The dividend tax reduced to encourage investors to hold shares for the long term.

The industrial classification of listed companies now needs to be revised every quarter.

Pooled asset management plans of securities companies now only require record filing.

Authority to approve qualifications of senior management of securities companies delegated to agencies of the CSRC.

Registered capital of a subsidiary of a fund management company is not allowed to be less than Rmb20 million.