Service-related foreign exchange payment procedures are simplified. Domestic entities and domestic individuals benefit from procedure simplification for contracts below US$5,000 and an increased foreign exchange purchase limits to US$20,000.

Further procedure and restriction relief is given to foreign exchange control on the current account.

The Circular drops the previous acquisition deposit requirement but adds a repatriation requirement where approval procedures are not completed within six months.

Promulgated: May 18 2006Effective: as of date of promulgationMain contents: The catalogue of application documents appended to these Guidelines is the…

Promulgated: May 6 2006Effective: May 8 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Conditions for the Public Offering…

Issued: April 24 2006Main contents: The Implementing Opinions elaborate on how to apply the PRC Company Law, the PRC Regulations for the Administration…

The Opinion clarifies issues such as organizational structure, incorporation form, timing and documentary requirements pertaining to approval applications, registration and capital contributions of foreign-invested enterprises, reinvestment requirements as well as approvals and registration of amendment.

After a one-year suspension of new share sales, the Measures reopen the PRC's stock market with tightened listing requirements.

By Liu [email protected] www.sullcrom.comA publicly-listed company is typically managed or controlled by a board of directors. The success…