Law Digest

• Other Recent Legislation This Month

  National legislationInvestment instrumentsImplementing Rules for the Targeted Asset Management Business of Securities Companies 证券公司定向资产管理业务实施细则…

  November 12, 2012

• Shenzhen City, Tentative Measures on Encouraging the Development of Headquarters Enterprises

  深圳市鼓励总部企业发展暂行办法

  Shenzhen offers awards up to Rmb50 million for new headquarters.

  November 12, 2012

• China Securities Regulatory Commission, Measures for the Regulation of Unlisted Public Companies

  中国证券监督管理委员会非上市公众公司监督管理办法

  Investment of venture capital funds in the over-the-counter markets being regulated.

  November 12, 2012

• Ministry of Land and Resources, Opinions on Standardising Land Registration

  国土资源部关于规范土地登记的意见

  Land registration strengthened to tackle idle land and illegal land use.

  November 12, 2012

• China Insurance Regulatory Commission, Tentative Measures for Administration of the Allocation of Insurance Assets

  中国保险监督管理委员会保险资产配置管理暂行办法

  Investment-linked insurance proceeds not restricted by the 25% threshold.

  November 12, 2012

• National Development and Reform Commission, Ministry of Health, Ministry of Finance, Ministry of Human Resources and Social Security, Ministry of Civil Affairs and China Insurance Regulatory Commission, Guiding Opinions on the Launch of the Work on Critical Illness Insurance of Urban and Rural Residents

  国家发展改革委、卫生部、财政部、人力资源社会保障部、民政部、保监会关于开展城乡居民大病保险工作的指导意见

  Critical illness insurance business allowed only modest profits.

  November 12, 2012

• Ministry of Culture, Circular on Matters Relevant to the Implementation of Supplement IX to the «Mainland and Hong Kong Closer Economic Partnership Arrangement» and Supplement IX to the «Mainland and Macao Closer Economic Partnership Arrangement»

  文化部关于实施《〈内地与香港关于建立更紧密经贸关系的安排〉补充协议九》和《〈内地与澳门关于建立更紧密经贸关系的安排〉补充协议九》有关事项的通知

  Hong Kong and Macao investors allowed to wholly own internet cafes

  November 12, 2012

• China Securities Regulatory Commission, Guidelines on Contents and Formats for Information Disclosure by Companies that Offer Securities to the Public No.2: Contents and Format of Annual Reports (2012 Revision)

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第2号–年度报告的内容与格式 (2012年修订)

  Disclosure in annual reports simplified.

  November 12, 2012

• China Banking Regulatory Commission, Guidelines for the Regulation of Performance Evaluation of Financial Institutions in the Banking Sector

  中国银行业监督管理委员会银行业金融机构绩效考评监管指引

  End of the era of timetabled evaluation of bank performance

  November 12, 2012

• Shanghai Stock Exchange, Guidelines on Distribution of Cash Dividends by Listed Companies (Draft for Comments)

  上海证券交易所上市公司现金分红指引 (征求意见稿)

  Main contents: According to the Draft Guidelines, listed companies having high cash dividend amounts and high cash dividend-net asset ratios can enjoy…

  November 12, 2012