Legislation

The Guidelines detail the operating rules for bancassurance business concerning the insurance products, agency fees, sales model, sales, financial accounting, contingency mechanism and intra-industry exchanges.

Internet game business requires Rmb10 million of registered capital.

Acquirers allowed to select their own offer exemption clause in case of a coincidence of clauses.

Calculation of percentages relating to the purchase or sale of the identical or related assets by listed companies for a continuous period of 12 months clarified.

Time of completion of an acquisition to increase shareholding clarified.

Banks may not rely solely on external credit rating for granting credit.

Mofcom lifts the examination and approval requirement for certain foreign investment matters.

Insurance institutions not allowed to provide external security.

First attempt to regulate private equity enterprises nationwide.