Legislation

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.

Wealth management plans of fund management companies allowed to invest in non-listed equity.

Advertising expenditures of cosmetic, pharmaceutical and beverage enterprises may be deducted against 30% of their sales revenues.

The Interpretation defines terms such as "a well-informed person with inside information regarding a securities or futures transaction" and "period of sensitivity of inside information".

National legislation  Emerging industriesPlan for the Development of New State Strategic Industries During the 12th Five-year Plan “十二五”国家战略性新兴产业发展规划L2100/12.07.09 Environmental…

Enterprise income tax may not be levied by assessment against enterprises that solely engage in equity (stock) investment business.

Shareholders may not sell privately offered bonds to insurance companies that they control.