The Measures specify that, among the promoters, at least one is to be a qualified commercial bank, manufacturer or foreign lease financing company and its capital contribution is to account for not less than 30% of the share capital.
This week the SEC sued five consultants for manipulating Chinese companies' stocks, Sina was fined and threatened with licence revocation and Nike thought about moving factories to avoid strikes
Macau's booming property market has prompted the government to issue a series of laws to provide further security to both buyers and sellers. The most important changes are to the laws on stamp duty and promissory and pre-sale agreements