Legal

Freshfields Bruckhaus DeringerIn February, the Ministry of Justice issued the Registration of Mortgages by Notaries Public Procedures (the Procedures),…

Eliminates the examination and approval system for initiation of an asset valuation and for confirmation on the valuation report.

Foreign satellite TV channels may be broadcasted in designated venues receiving persons from abroad with state approval.

Composition of housing fund management committee and restriction of balance withdrawal unless emigration.

Procedures for changing ownership registration after the resolution of equity dispute in foreign investment enterprises.

Relaxes restrictions on equity investment to trust and investment companies.

The People's Bank of China (PBOC) recently issued regulations that partly liberalize the set up of new bank sub-branches and cash points by commercial banks.

Accounting procedures for capital verification of foreign investments enterprises.

Prohibits reserves, funds or future expenses withdrawal (except for bad debt) for taxation purposes.