Legislation

Guidelines require deferred payment of bonuses of senior management personnel of insurance companies.

If the commissioning party of processing trade sells the products at a price higher than the selling price of the commissioned party, it will not be regarded as a direct sale and does not incur consumption tax.

For the first time, the SAT provides for the direct recognition of a beneficial owner without references and analysis.

The Measures have been revised to pave the way for seed funding requiring the size of the fund to be at least Rmb50 million and the number of fundholders to be at least 200.

The limit on the total of the holdings of the A shares of a single listed company by all QFIIs is now increased from 20% to 30% of the listed company's total shares. The qualification thresholds for QFIIs have also been relaxed.

Set of tax policies issued to encourage private investment in various sectors.

Futures companies allowed to tap into the wealth management business.

Asset-backed notes issued on the interbank bond market.

Shanghai Stock Exchange serves as the platform for margin trading and short sale of securities.