July 12, 2012
Private capital encouraged to develop green transportation.
Green light given again to the approval of foreign investment in futures companies.
Percentage of allocations to general reserves of financial enterprises raised to 1.5%.
Private capital encouraged to enter the basic telecoms operation market through the taking of equity interests.
An IPO P/E ratio should not be higher than the industrial average by 25%.
Mediation of securities disputes introduced.
Minimum shareholding of private investors in rural banks may be lowered to 15%.
Share issuers and lead underwriters allowed to determine share pricing through negotiation between themselves.
FIEs encouraged to invest overseas Rmb funds in Pudong.
A charge of 20% of the land grant or allocation fee to be imposed on land left idle for a year.
