Legislation

Hong Kong and Macao investors are allowed to set up wholly-owned medical institutions in the mainland.

Housing and travel allowances of foreign expatriates of insurance companies may be excluded from their bonus limits.

 National legislation Banking Guiding Opinions on Innovation in the Capital Instruments of Commercial Banks 關于商業銀行資本工具創新的指導意見L3600/12.11.29 Constitution…

For the first time insurance proceeds are allowed to be invested in wealth management products of commercial banks, credit asset-backed securities of banking financial institutions and pooled fund trust plans of trust companies.

Securities companies are allowed to be financial product sales agents.

The dividend tax reduced to encourage investors to hold shares for the long term.

The industrial classification of listed companies now needs to be revised every quarter.

If, in the process of the CSRC's review of an M&A transaction, the listed company or the transaction counterparty that accounts for 20% or more of the transaction amount is found to have been involved in insider trading, the CSRC will terminate the review process.

Pooled asset management plans of securities companies now only require record filing.