Legislation

The Provisions elaborate on application requirements for renminbi qualified foreign institutional investors.

The revised Measures relax the disclosure requirements of shareholders with 50% or more of the outstanding shares of a listed company.

Public invitations for bids must be carried out for projects with controlling or majority investments from state-owned funds.

Implementing Regulations finally come out after the promulgation of the PRC Law on the Invitation for and Submission of Bids in 1999, preventing the restriction or preclusion of potential bidders.

Pre-tax allocation of lease financing receivables allowed for financial enterprises.

Enterprises required to fund and staff an employment dispute mediation committee.

Applicants may file complaints against CSRC M&A decisions.

Full disclosure of investment risks and potential losses required by capital-raising parties

Claimant's burden of proof may be reduced for monopolistic agreements that have serious anti-competitive effects.