Legal

Issued: June 17 2005Main contents: The Opinions lay down the criteria for setting the minimum shareholding of the controlling shareholder of state-controlled…

Promulgated: June 16 2005Effective: September 1 2005Main contents: According to the Provisions, enterprise names shall be composed of the administrative…

This Circular allows fund management companies to use their own funds to engage in fund investments only if it has net assets of at least Rmb 50 million and that the amount of fund shares it holds do not account for more than 60% of its net assets.

This Circular further enhances the legal protection for workers. Employment relationships shall nonetheless be established in certain circumstances in the absence of a written employment contract.

As China's property market continues to advance, the shift from a state-centric to a market-orientated land transaction system has predictably given rise to numerous disputes. These latest Interpretations issued by the Supreme People's Court clarify the handling of disputes regarding state-owned land use rights, thereby furthering reform of the system.

These Interpretations concern with the application of the law in trials of state-owned leasehold grant or assignment disputes.

These Procedures aim to strengthen the administrative protection of the right of dissemination over information networks in the course of internet information service activities and regulate administrative law enforcement.

For the first time, the State Council has offered substantive legal parameters for the growth of China's burgeoning domestic private sector. The Opinion issued by the State Council brings the legal status of local private enterprises closer to that enjoyed by state and foreign-owned companies. Despite this, there is still more to be done to make China's private sector globally competitive.

Pending the State Council's release of regulations concerning the handling of copyright infringements over the internet, the National Copyright Administration and Ministry of Information Industry has released its own Procedures in this regard. Though these are helpful in handling the burgeoning number of copyright internet infringement cases, they are not without problems.