Legislation

The revised Provisions set forth requirements concerning solvency assessments, solvency reports, solvency management and solvency monitoring.

The Ministry of Commerce delegates its power to approve the establishment of foreign-invested companies limited by shares to provincial-level departments in charge of commerce.

State Council rules out iron-rice-bowl employment contracts.

Forex regulations revised to curb inflow of hot money.

Insurance companies required to include provisions on solvency level in their articles of association.

Periods of prescription of actions clarified for civil cases.

Basic telecommunications services further opened to foreign investors.

Guangdong revises regulations to suppress illegal collection of highway tolls.

Guidelines issued to restrict boards of insurance companies in their delegation of powers.