Stricter disclosure requirements imposed for M&A partnerships.

Shanghai encourages foreign investment in R&D

Guangdong has broadened the business scope for Hong Kong/Macao law firms.

The most updated interpretation of China's company law addresses shareholder rights protection, and other rights and actions related to corporate governance. Although there are noteworthy improvements, including creating a balance between shareholders' ownership rights and preemption rights, practical change is limited and inconsistencies still require clarification.

CIETAC has issued its first rules on international investment disputes.

Civil aviation investment restrictions relaxed for private investment.

Cost reviews required for natural monopolies

Cross-border foreign exchange transactions may use renminbi.

Outbound investment procedure requirements relaxed.