Legislation

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.

SAT clarifies the income tax issue of non-tax-residents involved in China's VAT reform.

Shanghai Stock Exchange encourages distribution of cash dividends.

Offering of Rmb bonds in HK by non-financial institutions requires a necessity analysis.

The Provisions expand the scope of RQFIIs to also include Hong Kong subsidiaries of commercial banks and insurance companies, as well as financial institutions incorporated and with a principal place of business in Hong Kong. The requirement that 80% of the proceeds be invested in fixed-return securities is also lifted.