Legal

The China Law & Practice awards 2011 concluded a year of groundbreaking deals that demonstrated China's burgeoning confidence and legal sophistication. Baker & McKenzie and Fangda Partners took home the top awards of the night, while many others were recognised for their achievements of legal distinction in the past 12 months

The new Law raises individual income tax threshold to Rmb3,500.

Trust companies allowed to trade stock index futures.

Application procedure for record filing of patent licensing contracts streamlined.

Micro-sized enterprises included in new classification.

Interpretation deals with property disputes in marriage.

Securities brokerages allowed to set up PE funds targeting institutional investors.

Stricter approval procedures for the establishment of rural banks.

National legislationAccountingMeasures for Comprehensive Evaluation of Accounting Firms (Revised) 中国注册会计师协会会计师事务所综合评价办法…