Legal

For the first time insurance proceeds are allowed to be invested in wealth management products of commercial banks, credit asset-backed securities of banking financial institutions and pooled fund trust plans of trust companies.

Securities companies are allowed to be financial product sales agents.

A new Circular from the State Administration of Foreign Exchange has reduced the approval burden on the capital account, a move that will boost investor confidence by showing a renewed commitment to liberalising foreign exchange controls

A new Circular from the State Administration of Foreign Exchange has reduced the approval burden on the capital account, a move that will boost investor confidence by showing a renewed commitment to liberalising foreign exchange controls

The Ministry of Justice has revised Measures governing the establishment of branch offices and the Ministry of Human Resources with other departments have issued a Circular allowing foreign personnel to apply for five-year multiple entry visas

The dividend tax reduced to encourage investors to hold shares for the long term.

The industrial classification of listed companies now needs to be revised every quarter.

For the first time, draft Regulations on service inventions have given a clear procedural framework for defining and reporting inventions. Businesses in China need to make sure they have the right internal policies in place as penalties for non-compliance are harsh

For the first time, draft Regulations on service inventions have given a clear procedural framework for defining and reporting inventions. Businesses in China need to make sure they have the right internal policies in place as penalties for non-compliance are harsh