Legislation

Articles 64, 65 and 69 of the Rules have been revised according to a State Council decision, removing the wordings concerning costs incurred from seizure, sealing up or custody of property.

Insurance asset management companies may be entrusted to manage the funds of pension fund, enterprise annuity and housing fund.

With the new revision, even if the client or another party's criminal act will seriously harm the safety of others' property, a lawyer is still bound by the confidentiality obligation.

Registered capital of a subsidiary of a fund management company is not allowed to be less than Rmb20 million.

National legislationInvestment instrumentsImplementing Rules for the Targeted Asset Management Business of Securities Companies 证券公司定向资产管理业务实施细则…

Shenzhen offers awards up to Rmb50 million for new headquarters.

Investment of venture capital funds in the over-the-counter markets being regulated.

Land registration strengthened to tackle idle land and illegal land use.

Investment-linked insurance proceeds not restricted by the 25% threshold.