Foreign credit rating agencies allowed to enter China's interbank bond market.

Major shareholders not allowed to reduce their shareholdings through block trades.

No limits on the number of credit card companies in China.

Banks required to conduct annual stress tests on collateral.

The SPC has clarified that shareholders can be held liable for divulging trade secrets, and the State Council has restricted outbound deals in real estate and hotel industries and substantially raised the threshold for establishing financing security companies

VAT rate structure simplified.

Labor dispute arbitration procedures streamlined.

The CAC's regulations governing reviews of network products and services focus on security and controllability, but companies await clarity on the scope of “critical information infrastructure”

The CBRC has permitted banks to set up institutions that carry out debt-for-equity swaps, the State Council has made environmental impact assessment procedures simpler for construction projects, and Beijing has launched joint government and buyer-owned housing