Macau's booming property market has prompted the government to issue a series of laws to provide further security to both buyers and sellers. The most important changes are to the laws on stamp duty and promissory and pre-sale agreements
Issued: March 3 2014Main contents: The proposed amendments increase administrative penalties. If a production or other business entity fails to take measures…
Confidentiality agreements required when state secrets are involved.
Enterprises will be assessed by their environmental credit ratings.
While bidding has long been the main method for government procurement, alternatives such as competitive negotiation, sole supplier procurement and price inquiry have been clarified
China promulgates first set of measures on alternative government procurement methods.
State Council relaxes approval requirements for foreign projects.
The Negative List specifies foreign investment projects that are restricted or prohibited in the Shanghai Pilot Free Trade Zone.
The Zone selects the financial services, shipping services, trade services, professional services, cultural services and social services sectors for increased liberalisation.
State Council suppresses bureaucratic approval requirements.