Legislation

The Rules clarify terms and phrases of the PRC Patent Law, such as "genetic resource" and "patented pharmaceutical".

China raises first instalment of land grant to 50% to prohibit hoarding.

Foreign skilled personnel in Shanghai allowed for a five-year stay.

National legislation Foreign exchangeState Administration of Foreign Exchange, Circular on Announcing 55 Normative Documents on Foreign Exchange Control…

Government takes significant step toward reform of the foreign-invested partnership rules.

Banks told to better assess potential interest rate risk.

SAT cracks down on tax evasion by non-tax-resident enterprises.

Shanghai allows debt-for-equity swaps by foreign-invested enterprises.

Restrictive conditions may be imposed on a concentration transaction.