Legal

A sponsor shall establish a sound working draft system, and keep separate sponsorship working drafts for each project.

The Communist Party's Decision on Several Major Issues Concerning the Promotion of Rural Reform and Development proposes a dramatic restructuring of land-use rights in rural China. Farmers will be able to lease their land, and more money will be spent in rural areas. But the effect on migration will be mixed. By Sean Maguire, AllBright Law Offices, Shanghai.

Curbs on property transactions lifted.

Clearer procedures for private equity investment through trust companies.

Approval procedures for commercial FIEs streamlined.

Affiliated transactions of insurance FIEs defined.

Export tax rebate rate lowered for textile products.

Opinion issued to clarify under which circumstances an FIE is required to pay a place use fee.

China revitalises its property market to increase domestic demand in view of the financial crisis.