The revised Law encourages increased foreign trade and cross-border services and cooperation by simplifying the approval requirements to trading rights, but imposes new intellectual property licensing barriers.
The new Regulations open the advertising market in China to greater foreign participation (one of the WTO commitments), and provide a legal guide for gaining more substantial control over their China operations.
The Procedures concern the monitoring, analysis and assessment of non-performing assets, in particular sources and analyses of data and information and the time for assessment report submission.