Legislation

Safe lowers banks' quotas for provision of security to foreign parties.

Restrictions imposed on exchange of state-owned assets and equity.

Expats are required to be enrolled in social insurance.

Entry thresholds lowered for fund management companies engaging in dedicated asset management.

National legislationForeign exchangeState Administration of Foreign Exchange, Catalogue of Major Prevailing Foreign Exchange Control Laws and Regulations…

The Provisions are basically a revision of the Tentative Provisions on Matters Relevant to the Implementation of the System for Security Review of Acquisition of Domestic Enterprises by Foreign Investors.

The Provisions clarify the issues concerning the determination of reasons for bankruptcy to facilitate the implementation of the PRC Enterprise Bankruptcy Law.

Central government finances may directly invest in venture investment enterprises.

The Measures require foreign employees in China to be enrolled in social insurance. Arrangement is also laid down when a foreign employee departs from China before he/she reaches the specified age at which he/she can withdraw his/her pension.