Law Digest

Working drafts for sponsor work must be kept for 10 years.

Shenzhen revises policy allowing foreign employment only if it's needed.

Insurance companies required to set up graded stock pools.

Interest to be charged on bonded goods sold domestically.

Safe raises banks' short-term foreign debt quotas to boost trade financing.

Relaxation of approval authority creates foreign exchange control niche.

Foreign investors not allowed to hold a controlling interest in basic telecommunications services.

Establishment of Reits in Beijing encouraged.

Foreign express couriers not allowed in domestic Chinese mail express services.