Private enterprises encouraged to list overseas.
An issuer needs to convene a board meeting if the price-earnings ratio of its proposed share price is higher than the industrial average by 25%.
Letters of intent and MOUs have legal effect.
Share issuers and lead underwriters allowed to determine share pricing through negotiation between themselves.
Maternity leave of female workers is now extended from 90 days to 98 days (14 weeks).
Green light given again to the approval of foreign investment in futures companies.
All enterprises shall establish a democratic management system, with the employee representative congress as its basic form.
Mainland Chinese enterprises allowed to issue renminbi bonds in Hong Kong.
The senior partner of a Sino-foreign cooperative joint venture accounting firm must have Chinese citizenship.
All enterprises required to establish employee representative congresses.
