Legislation

The Measures specify the qualifications and application procedure for establishment of a foreign-invested mineral exploration enterprise.

The revised provisions lower the minimum registered capital of foreign-invested telecommunications enterprises that provide basic telecommunications services.

The revised Measures amended Article 63, concerning application to the China Securities Regulatory Commission for an offer exemption by using the simplified procedure.

MNCs must avoid creating a global monopoly.

Clearer requirements for practice of lawyers.

NPC passes law to protect employment of disabled persons.

Criteria for establishing different types of law firms elaborated.

Minimum wage in Beijing raised.

More favourable policies to attract regional headquarters in Shanghai.