Property insurance companies required to establish a assumption reinsurance management system.

Insurance proceeds allowed to be invested in preference shares.

More WOFEs are allowed in the Shanghai free trade zone.

FIEs allowed to convert their foreign exchange registered capital at their own discretion in pilot regions.

Policy relaxed on granting of the second housing mortgage loans.

Administrative Procedure Law revised to facilitate the institution of legal actions against inappropriate government acts.

Kejun Guo and Chen Jia of Zhong Lun Law Firm look at the latest developments in capital markets, includingthe reforms to the share offering system

Foreign investors encouraged to invest in futures companies.

Denning Xu of Shanghai Young-Ben Law Firm explores the regulatory status of China's asset managementindustry and compares the policies issued in the past 12 months by the banking, securities and insurancecommissions