Law Digest

Minimum hourly wage raised to Rmb8 for part-time employees in Shanghai.

Locked-up shares from the share reform released.

Tax refund policy for reinvestments by foreign investors clarified.

Arbitration procedures for employment disputes made easier for employees.

Housing registration to protect purchasers of pre-sold housing premises.

CSRC requires a chief risk officer in futures companies.

Land registration measures to protect land rights holders.

Rate of tax prepayment raised to 20% for pre-sold premises.

A new commission and five new ministries are established under the State Council.