Legislation

This law aims to establish the regulatory framework for business activities of trust companies and promote the healthy development of the trust industry.

The franchisor is required to disclose certain information to the franchisee in writing at least 30 days before the conclusion of franchise contract. A confidential agreement may be executed before information is disclosed.

National LegislationECONOMIC POLICYSeveral Opinions on Accelerating the Promotion of Reform and Development of Industry Associations and Chambers of Commerce关于加快推进行业协会商会改革和发展的若干意见L2110/07.05.13ENVIRONMENTAL…

Aimed at maintaining order in the socialist market economy, the Law touched upon rights in rem, different aspects of ownership, usufructuary rights, security rights and possession.

The landmark new law provides the same protection to private property as that to state-owned property.

SAFE reduces the short-term foreign debt indicators of financial institutions for 2007.

Reduction and exemption of income tax of newly-established enterprises clarified.

Application procedures for settlement and sale of foreign exchange businesses by banks simplified.

National LegislationCUSTOMS Measures for the Administration of Zhuhai Zone in the Zhuhai-MacaCross Border Industrial Zone珠澳跨境工业区珠海园区管理办法L5920/07.03.08ECONOMIC…