Legislation

Takeover measures amended to facilitate increase in shareholding by major shareholders.

The Implementing Regulations provide further details to the PRC Employment Contract Law concerning the conclusion of employment contracts, termination and ending of employment contracts, and placement.

The Regulations cover the control of foreign exchange on the current account and capital account.

The Provisions detail matters in respect of the counting, interruption, suspension and validity of prescription of actions.

The Measures specify the qualifications and application procedure for establishment of a foreign-invested mineral exploration enterprise.

The revised provisions lower the minimum registered capital of foreign-invested telecommunications enterprises that provide basic telecommunications services.

The revised Measures amended Article 63, concerning application to the China Securities Regulatory Commission for an offer exemption by using the simplified procedure.

MNCs must avoid creating a global monopoly.

Clearer requirements for practice of lawyers.