Legal

The Catalogue has been revised since the 2007 revision. Venture investment enterprises and intellectual property services are added to the encouraged category while the manufacture of assembled automobiles is removed from the category.

Shenzhen Stock Exchange gives definite qualification requirements for independent directors.

Law revised to expand the scope of occupational diseases.

Shanghai encourages the use of overseas renminbi by FIEs for capital contribution.

Lawful renminbi income may be used directly for domestic investment.

Shanghai Stock Exchange sets up a system of suitability of investors for the bond market.

Fujian tightens administration on fund raising in the name of equity investment enterprises.

Mofcom sets out measures to curb unreported concentrations of business operators.

Record filing may be done locally for franchises that operate in more than one province.