Legal

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.

The Provisions set forth the application procedure for a food additive production permit, require the keeping of production management records and specify the particulars to be listed on the label and instructions for use.

A series of new policies recently released to attract foreign investment demonstrates China's aim to diversify foreign direct investment, channel money into the central and western regions, and encourage environmentally-friendly and high-tech industries to set up onshore. However, the rules are fairly general and more legislation will be needed for proper implementation

China seeks to levy property taxes.

Private sector investments allowed in commercial bank equity investment.

China's first tort liability law.

SPC sets standards for trying trademark cases.

Sat sets forth clear guidelines for separating PRC and non-PRC revenues of non-tax-residents.