Legislation

Guangdong issues the first circular on financial consumer rights in China.

Bond institutional investors allowed to engage money brokerages.

China issues a combined negative list for all four FTZs.

Power pricing reform extended to four more provinces.

Banks required to purchase deposit insurance.

Foreign investment catalogue revised to allow more foreign shareholding.

Pharmaceutical manufacturers and distributors no longer need a pharmaceutical licence before getting a business licence.

Insurance capital allowed to invest in venture capital.

All corporate legal persons are allowed to offer bonds.