Legal

New rules concerning the establishment of local law firms and lawyers' practice have opened the door for partnerships. But limited liability partnership – the type that lawyers had been hoping for – is nowhere to be seen in the rules.

China's Ministry of Commerce has issued two circulars which delegate power and loosen its grip on approving foreign investment into the PRC. Investors in private equity and retail are the biggest benefactors.

China's Ministry of Commerce has issued two circulars which delegate power and loosen its grip on approving foreign investment into the PRC. Investors in private equity and retail are the biggest benefactors.

Takeover measures amended to facilitate increase in shareholding by major shareholders.

State Council rules out iron-rice-bowl employment contracts.

Forex regulations revised to curb inflow of hot money.

Basic telecommunications services further opened to foreign investors.

Guangdong revises regulations to suppress illegal collection of highway tolls.

Guangdong grants processing enterprises right to sell their products in China.