Stricter disclosure requirements imposed for M&A partnerships.
Shanghai encourages foreign investment in R&D
Guangdong has broadened the business scope for Hong Kong/Macao law firms.
CIETAC has issued its first rules on international investment disputes.
Civil aviation investment restrictions relaxed for private investment.
Cost reviews required for natural monopolies
Cross-border foreign exchange transactions may use renminbi.
Outbound investment procedure requirements relaxed.
Encouraged, restricted and prohibited types of outbound investment specified.
Enterprise contribution to annuities may not exceed 8% of total payroll.