Amended Securities Law introduces a registration-based and market-oriented IPO system, Lingang is to allow the use of English in litigation by foreign parties and Supreme People's Court specifies the presentation of electronic evidence.
Feng Wang of Jingtian & Gongcheng highlights the major asset restructuring rules of companies listed on the Shanghai Stock Exchange STAR Market including the requirements for reverse takeover in light of market-orientated reform.
Supreme People's Court allows flexibility in foreign investment contract disputes, foreign banks are given more specific expanded business requirements and import of technical equipment enjoys tax breaks.
CNIPA clarifies trademark infringements, spin-offs of listed companies have clear guidance and a new law draft puts forward competition in granting of mining rights.
