The Circular aims to improve the pricing mechanism for initial public share offerings. Issues such as procedures for price inquiries, price determinations, and format of share offerings are addressed.
The Procedures aim to strengthen the administration of the oil products market, and to regulate operational activities of oil products business. The Procedures are necessary to fulfill WTO requirements - to open the oil products market.
The Interpretation addresses issues relating to the application of law when handling criminal cases involving intellectual property rights infringement. Sentencing standards are set out.
Granting of trading and distribution rights are among the most important market opening measures China agreed to in its commitments to join the WTO. How does liberalization of trading and distribution affect the operation of enterprises in the free trade zones that have been key to China's economic growth over the years?
The Interpretation addresses several issues regarding the application of law in technology contract disputes. Concepts such as priority, and validity and freedom of contract are recognized.