Legislation

• National Development and Reform Commission, Ministry of Health, Ministry of Finance, Ministry of Human Resources and Social Security, Ministry of Civil Affairs and China Insurance Regulatory Commission, Guiding Opinions on the Launch of the Work on Critical Illness Insurance of Urban and Rural Residents

  国家发展改革委、卫生部、财政部、人力资源社会保障部、民政部、保监会关于开展城乡居民大病保险工作的指导意见

  Critical illness insurance business allowed only modest profits.

  November 12, 2012

• Ministry of Culture, Circular on Matters Relevant to the Implementation of Supplement IX to the «Mainland and Hong Kong Closer Economic Partnership Arrangement» and Supplement IX to the «Mainland and Macao Closer Economic Partnership Arrangement»

  文化部关于实施《〈内地与香港关于建立更紧密经贸关系的安排〉补充协议九》和《〈内地与澳门关于建立更紧密经贸关系的安排〉补充协议九》有关事项的通知

  Hong Kong and Macao investors allowed to wholly own internet cafes

  November 12, 2012

• China Securities Regulatory Commission, Guidelines on Contents and Formats for Information Disclosure by Companies that Offer Securities to the Public No.2: Contents and Format of Annual Reports (2012 Revision)

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第2号–年度报告的内容与格式 (2012年修订)

  Disclosure in annual reports simplified.

  November 12, 2012

• China Banking Regulatory Commission, Guidelines for the Regulation of Performance Evaluation of Financial Institutions in the Banking Sector

  中国银行业监督管理委员会银行业金融机构绩效考评监管指引

  End of the era of timetabled evaluation of bank performance

  November 12, 2012

• Shanghai Stock Exchange, Guidelines on Distribution of Cash Dividends by Listed Companies (Draft for Comments)

  上海证券交易所上市公司现金分红指引 (征求意见稿)

  Main contents: According to the Draft Guidelines, listed companies having high cash dividend amounts and high cash dividend-net asset ratios can enjoy…

  November 12, 2012

• China Securities Regulatory Commission, Tentative Measures for the Administration of Employee Shareholding Schemes of Listed Companies (Draft for Comments)

  中国证券监督管理委员会上市公司员工持股计划管理暂行办法 (征求意见稿)

  Main contents: The total number of shares involved in all the valid employee shareholding schemes of a listed company may not exceed 10% of the company's…

  November 12, 2012

• National Development and Reform Commission, Measures for the Administration of the Check and Approval of Foreign-invested Projects (Draft for Comments)

  国家发展改革委员会外商投资项目核准管理办法 (征求意见稿)

  Main contents: NDRC is proposing the raising of the threshold requiring check and approval for foreign-invested projects in the encouraged and permitted…

  November 12, 2012

• State Council, Regulations for the Administration of Transport by Domestic Waterways

  国务院国内水路运输管理条例

  Foreign investment not allowed in the domestic waterway transport sector.

  November 08, 2012

• State Council, Decision on the Sixth Batch of Items in Respect of Which the Administrative Examination and Approval are Abolished or Revised

  国务院关于第六批取消和调整行政审批项目的决定

  171 items no longer require examination and approval.

  November 08, 2012

• Rules for the Establishment of Securities Companies with Foreign Equity Participation (2nd Revision)

  外资参股证券公司设立规则 (第二次修订)

  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%.

  November 07, 2012