Law Digest

Registration of subscribed for registered capital to be implemented on a trial basis in the free trade zone.

Private capital encouraged to set up joint venture banks with foreign investors in the free trade zone.

CSRC requires self-verification reports when approving re-financing applications from property enterprises.

SAT clarifies steps for Hong Kong tax-residents to avoid double taxation.

Maximum predetermined interest rate for standard personal insurance raised from 2.5% to 3.5%.

The first consumer protection guidelines for the banking sector issued.

State Council suppresses bureaucratic approval requirements.

Cross-border renminbi transactions made easier.

China encourages private investment in railways.