Legislation

More WOFEs are allowed in the Shanghai free trade zone.

FIEs allowed to convert their foreign exchange registered capital at their own discretion in pilot regions.

Policy relaxed on granting of the second housing mortgage loans.

Administrative Procedure Law revised to facilitate the institution of legal actions against inappropriate government acts.

Foreign investors encouraged to invest in futures companies.

CSRC sets out rules for voluntary delisting of listed companies.

Court order to freeze bank assets will be carried out more efficiently via networks.

Banks can no longer offer last minute interest rate increases to attract deposits.

Private fund property shall be invested in investment targets that include the trading of stocks, equity, bonds, futures, options, fund shares and other targets specified in the investment contract.