Legislation

Real property tax will be expanded to cover more cities.

More labour intensive (manufacture of digital television and energy saving refrigerators) and service sector (development and application of the internet of Things and mobile internet) projects are added to the revised Catalogue.

This year's report has derived 37 law application issues with general guiding significance from 34 typical cases carefully selected from the intellectual property and competition cases completed by the Supreme People's Court in 2012.

Enterprise pension fund investment managers allowed to offer old-age pension products.

Investment scope of enterprise pension funds expanded.

Shanghai is the first city to implement a point system for the non-municipality population.

Branches of foreign insurance companies are allowed to make capital contributions in renminbi.

The Insurance Law applies to export credit insurance contracts.

SAFE further streamlines the foreign exchange procedures for establishment of foreign-invested enterprises.