These Tentative Measures strengthen the administration of overseas investment of insurance capital, and to protect the interests of involved parties, whilst at the same time further relaxing overseas investment of insurance capital.

Shenzhen Investment, a property developer in southern China, is also the investment arm of the Shenzhen municipal government. The company has acquired…

Individual Chinese citizens allowed to invest in the Hong Kong stock market.

WuXi PharmaTech, a leading China-based pharmaceutical and biotechnology research and development outsourcing company, has made its US$212 million initial…

CC Land Holdings, a leading property developer operating in western China, recently placed 360 million existing shares at HK$8.1 per share. The placing…

Orrick, Herrington & Sutcliffe has welcomed Thomas Man, formerly a corporate partner with Baker & McKenzie, as a partner in its Beijing office. Man is…

China to develop financial futures and options.

This law aims to regulate futures trading, to protect parties involved in such trading, and to promote the development of the futures market. Part Two covers the establishment of futures exchanges, as approved by the State Council's futures regulatory authority. Part Three deals with the formation of futures companies. Part Four sets out the basic rules of futures trading. Part Five provides a self regulatory system for the futures industry. Parts Six and Seven are concerned with the checks and control system, and legal liability of violators.

Parties to foreign-related contracts have been free to choose which country's law govern their contracts - except where PRC law is mandatory. The new Provisions provide better guidance on deciding the governing law of the contract.