(Promulgated by the Supreme People's Court on January 2 2005 and effective as of January 7 2005.)SPC Interpretations [2004] No.1Pursuant to the provisions…

Promulgated: May 23 2005Effective: as of date of promulgationInterpreting authority: People's Bank of ChinaApplicability: These Procedures apply to short-term…

For the first time, the State Council has offered substantive legal parameters for the growth of China's burgeoning domestic private sector. The Opinion issued by the State Council brings the legal status of local private enterprises closer to that enjoyed by state and foreign-owned companies. Despite this, there is still more to be done to make China's private sector globally competitive.

Pending the State Council's release of regulations concerning the handling of copyright infringements over the internet, the National Copyright Administration and Ministry of Information Industry has released its own Procedures in this regard. Though these are helpful in handling the burgeoning number of copyright internet infringement cases, they are not without problems.

This Circular allows fund management companies to use their own funds to engage in fund investments only if it has net assets of at least Rmb 50 million and that the amount of fund shares it holds do not account for more than 60% of its net assets.

Promulgated: May 24 2005Effective: July 1 2005Applicability: For the purposes of these Procedures, "security for tax payments" refers to activities in…

This Circular further enhances the legal protection for workers. Employment relationships shall nonetheless be established in certain circumstances in the absence of a written employment contract.

 By Alex Zhang and Gilbert ZengWebsite: www.jonesday.comNearly three months following the promulgation of the Issues Relevant to Improving the Foreign…

Promulgated: May 20 2005Effective: October 1 2005Applicability: These Regulations apply to such protection and promotion work as administrative handling…