After completing the necessary foreign exchange registration and capital contribution confirmation procedures, a foreign-invested partnership may directly open foreign exchange accounts and purchase foreign exchange with the bank.
For the first time, the Standing Committee produced a unified immigration law, which encourages foreign talent to work in China. Social insurance schemes also became more attractive as international agreements were signed, putting an end to double contributions
The Standing Committee has promulgated the long-awaited Employment Contract Law, which strictly regulates labour dispatch workers. The Committee also promulgated the Securities Investment Fund Law, which now regulates private equity funds