Legislation

Requiring that employers conclude written employment contracts with all full-time employees within 30 days of their start date, the law provides basic requirements for the establishment, implementation, amendment and termination of these contracts.

More specific requirements on the reserve price to control bribery in construction project bidding in Beijing.

Franchisors required to disclose certain information to their franchisees before signing the contract.

Tax reduction for venture capital investment enterprises investing in unlisted technology SMEs.

Banks required to ensure that loans are not used for stock trading.

More attention should be paid to low-paid front-line workers.

More provisions to segregate a trust company's business for its own account and its trust business.

The futures investor protection fund may grant full compensation for losses of Rmb 100,000 or below.

Hong Kong becomse the first renminbi bond market outside mainland China.