Legal

171 items no longer require examination and approval.

The limit on the percentage of the shares of, or the percentage of the interest in, a securities company with foreign equity participation held by foreign investors has been raised to 49%.

Existing regional headquarters of multinational corporations in Shanghai that are upgraded to Asia regional, Asia-Pacific regional or larger regional headquarters may be eligible for one-time assistance of Rmb3 million.

A subsidiary of a securities company that has been operating continuously for at least two years instead of five years may apply to expand its scope of business.

The equity of real property enterprises, foreign holding companies, foreign-invested venture capital investment enterprises and foreign-invested private equity enterprises is not allowed to be used for investment in another foreign-invested enterprise.

The China Securities Regulatory Commission has issued Provisions allowing fund management companies to set up subsidiaries for client asset management businesses, while the National People's Congress has amended the Lawyers Law

The latest Provisions from the Ministry of Commerce allow foreign investors looking to use equity interests to invest in another FIE, but questions over pricing and approval authorities remain

CIETAC's secretariat talks to China Law & Practice about the latest disputes with its Shanghai and Shenzhen sub-commissions as well as the latest arbitration Rules

CIETAC's secretariat talks to China Law & Practice about the latest disputes with its Shanghai and Shenzhen sub-commissions as well as the latest arbitration Rules