Legislation

The limit on the percentage of the shares of, or the percentage of the interest in, a securities company with foreign equity participation held by foreign investors has been raised to 49%.

Existing regional headquarters of multinational corporations in Shanghai that are upgraded to Asia regional, Asia-Pacific regional or larger regional headquarters may be eligible for one-time assistance of Rmb3 million.

A subsidiary of a securities company that has been operating continuously for at least two years instead of five years may apply to expand its scope of business.

The equity of real property enterprises, foreign holding companies, foreign-invested venture capital investment enterprises and foreign-invested private equity enterprises is not allowed to be used for investment in another foreign-invested enterprise.

Criminal liability may be pursued for legal actions instituted with malicious intent to prejudice another's lawful rights and interests.

Shenzhen has promulgated the first set of regional regulations on sexual equality in China.

Criminal liability may be pursued for legal actions instituted with malicious intent to prejudice another's lawful rights and interests.

Fund management companies allowed to engage in specific client assetmanagement business through their subsidiaries.

The foreign shareholding in the domestic shareholder should be included whencalculating the total foreign shareholding of a joint venture fund managementcompany.