Legislation

• Securities Association of China, Measures for the Administration of the Mediation of Securities Disputes (Trial Implementation)

  中国证券业协会证券纠纷调解工作管理办法 (试行)

  Mediation of securities disputes introduced.

  July 12, 2012

• China Banking Regulatory Commission, Implementing Opinions on Encouraging and Guiding the Entry of Private Capital into the Banking Sector

  中国银行业监督管理委员会关于鼓励和引导民间资本进入银行业的实施意见

  Minimum shareholding of private investors in rural banks may be lowered to 15%.

  July 12, 2012

• China Securities Regulatory Commission, Measures for the Administration of the Offering and Underwriting of Securities (2nd Revision)

  中国证券监督管理委员会证券发行与承销管理办法 (第二次修订)

  Share issuers and lead underwriters allowed to determine share pricing through negotiation between themselves.

  July 12, 2012

• Pudong New Area of Shanghai Municipality, Implementing Opinions on Intensifying the Reform and Innovation of the Administration of Industry and Commerce and Further Promoting the Innovation Drive and Transformation Development of Pudong

  上海市浦东新区关于深化工商行政管理改革创新进一步推进浦东创新驱动、转型发展的实施意见

  FIEs encouraged to invest overseas Rmb funds in Pudong.

  July 12, 2012

• Ministry of Land and Resources, Measures for the Disposal of Idle Land (Revised)

  国土资源部闲置土地处置办法 (修订)

  A charge of 20% of the land grant or allocation fee to be imposed on land left idle for a year.

  July 12, 2012

• China Securities Regulatory Commission, Circular on Implementation of the Key Operational Points of the «State Council, Several Opinions on Encouraging and Guiding the Healthy Development of Investments from the Private Sector»

  中国证券监督管理委员会关于落实《国务院关于鼓励和引导民间投资健康发展的若干意见》工作要点的通知

  Private enterprises encouraged to list overseas.

  July 12, 2012

• Circular on Issues Relevant to the Pricing of New Share Offerings

  关于新股发行定价相关问题的通知

  An issuer needs to convene a board meeting if the price-earnings ratio of its proposed share price is higher than the industrial average by 25%.

  July 12, 2012

• Interpretation on Issues Relevant to the Application of the Law in Trials of Disputes over Sales and Purchase Contracts

  关于审理买卖合同纠纷案件适用法律问题的解释

  Letters of intent and MOUs have legal effect.

  July 12, 2012

• Measures for the Administration of the Offering and Underwriting of Securities (2nd Revision)

  证券发行与承销管理办法 (第二次修订)

  Share issuers and lead underwriters allowed to determine share pricing through negotiation between themselves.

  July 12, 2012

• Special Provisions for the Work Protection of Female Employees

  女职工劳动保护特别规定

  Maternity leave of female workers is now extended from 90 days to 98 days (14 weeks).

  July 12, 2012