March 12, 2008
Criteria for retrial of civil cases revised.
More banks are allowed to provide loans for the development of economically affordable residential premises.
Hong Kong and Macao insurance agencies allowed to set up wholly-owned insurance agencies on the mainland.
Certain enterprises prepaying tax on a monthly basis now may prepay tax on a quarterly basis.
Calculation of working hours and hourly wage specified.
Circular to prohibit purchase of homestead land by urban residents.
More requirements for securities companies on information disclosure.
The Circular elaborates on the calculation of working days and hours and pro rata calculation of daily wage and hourly wage.
NATIONAL LEGISLATIONBANKINGPeople's Bank of China Notice [2008] No.5 (Repeal of a list of legislation)中国人民银行公告 (2008) 第5号 L3600/08.01.22CONSTRUCTIONImplementation…
Product innovation encouraged by means of government procurement.