Legislation

Issued: February 20 2013 Main contents: According to the Draft, managers of privately raised securities investment funds should have paid-in capital…

The Provisions regulate the engagement in public securities fund management by securities companies, insurance companies, private equity firms and venture capital firms.

Securities investment fund management companies, futures companies, commercial banks, insurance companies and trust companies allowed in engage in asset securitisation.

China issues its first set of measures on electronic bidding.

Shanghai prohibits mortgage loans for purchase of a third residential premises unit.

Beijing is the first city to raise the down payment rate for housing.

CIRC raises the shareholding threshold of a single insurance shareholder to more than 20% but lower than 51%.

Process for assessment of occupational diseases simplified for workers.

If a Taiwanese investor invests in and establishes an enterprise on the mainland using a company, enterprise or other economic organisation in a third place that it directly or indirectly owns or controls, it may apply to have such third place investor recognised as being the equivalent of a Taiwanese investor.