Legal

According to the Measures, state-owned equity or shares of providers of basic telecommunications services shall account for no less than 51% of the total equity or shares.

Establishment of Reits in Beijing encouraged.

Transfers of state-owned assets of unlisted financial institutions must be done publicly.

Insurance companies required to set up graded stock pools.

Relaxation of approval authority creates foreign exchange control niche.

Insurance companies can now invest in more types of bonds.

Working drafts for sponsor work must be kept for 10 years.

Shenzhen revises policy allowing foreign employment only if it's needed.

Foreign investors not allowed to hold a controlling interest in basic telecommunications services.