Legislation

Issued: January 11 2013Main contents: The Draft sets out the criteria for sale of securities investment funds for insurance institutions:(1) insurance…

Issued: January 22 2013Main contents: The CIRC has proposed to revise Article 5 to allow insurance group (holding) companies to offer subordinated debt…

Interpretation gives definition to labour remuneration.

If the public interest is involved, foreign-related cases concerning labour protection, food safety, environmental protection, forex control, anti-monopoly and anti-dumping may be governed by PRC mandatory provisions.

Idle proceeds allowed to be used to purchase investment products.

Establishment of bond investment plans by insurance companies now only requires registration.

The total funds (investment principal and returns) that a QFII may outwardly remit each month may not exceed 20% of its total domestic assets as at the end of the previous year.

Employment by way of placement is a supplementary form and may only be applied to temporary, ancillary or substitute positions.

The rate at which expenditures and expenses that arise from the handling of cases are deducted from the shared revenue of lawyers shall be revised from the current rate of up to 30% of the shared revenue received by a lawyer for the month in question to up to 35%.