Legislation

Commercial banks required to disclose information on sub-prime loans.

Beijing requires e-shops to apply for a business licence.

Power grid enterprises required to purchase electric power generated using waste resources.

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.