Legal

Establishments of insurance companies classified into four grades for regulation.

Mofcom delegates approval power over foreign-invested holding companies and venture capital companies to lower-level authorities.

Details of food additives made more transparent.

National legislation BankingCircular on Issues Relevant to Expanding the Pilot Projects for Cross-border Trade Settlement in Renminbi关于扩大跨境贸易人民币结算试点有关问题的通知…

Applicability of the Tort Liability Law clarified.

The CIRC may release a major shareholder from the restriction on shareholding percentage if it satisfies certain provisions.

The Measures specify the information that an insurance company is required to disclose as well as the method and time of disclosure.

Mofcom delegates approval power over foreign-invested holding companies and venture capital companies to lower-level authorities.

The Measures classify establishments of insurance companies into four grades based on the companies' risk positions and impose regulatory measures accordingly.