Civil aviation investment restrictions relaxed for private investment.
Cost reviews required for natural monopolies
Cross-border foreign exchange transactions may use renminbi.
Outbound investment procedure requirements relaxed.
Encouraged, restricted and prohibited types of outbound investment specified.
Enterprise contribution to annuities may not exceed 8% of total payroll.
Examination and approval streamlined to facilitate investment.
LLPs have been added to accounting firm regulations.
CBRC and CIRC will be merged.
Issued: August 3 2017 Main contents: The Draft sets forth regulatory requirements in respect of the private fund industry from many…