Banks allowed to issue preference shares to replenish capital.

The Measures specify that, among the promoters, at least one is to be a qualified commercial bank, manufacturer or foreign lease financing company and its capital contribution is to account for not less than 30% of the share capital.

O'Melveny & Myers

This week the SEC sued five consultants for manipulating Chinese companies' stocks, Sina was fined and threatened with licence revocation and Nike thought about moving factories to avoid strikes

Llinks Law Offices

Greenberg Traurig

Macau's booming property market has prompted the government to issue a series of laws to provide further security to both buyers and sellers. The most important changes are to the laws on stamp duty and promissory and pre-sale agreements

Accessing the lucrative market of Macau is on every foreign investor's radar. Though challenges regarding corporate structure and registration, real estate, employment, litigation and licensing appear intimidating, a good understanding of local practice ensures a smooth and solid transaction

The labour authority of Macau has put in place strong guidelines and requirements for the employment process in order to meet the rocketing economy's demand for workforce