Fulfilling an important WTO commitment, China has ended a seven-year ban on direct selling with the release of new regulations allowing the sale of consumer products away from fixed retail locations. New anti-pyramid regulations also indicate that the government is getting tough on pyramid selling schemes in the country.

While PRC companies remain hungry for equity capital local market conditions have meant that the country's first domestic and offshore dual listing will have to wait some time yet. Which firms have been capturing the most of China's IPO work and what deals have they been working on?

This Circular aims to standardize the administration of Sino-foreign equity and cooperative joint ventures that produce/distribute radio and television programmes.

By Lily Wei ZhouWebsite: www.freshfields.com'Black and white construction contracts' is a newly coined phrase in the Chinese construction industry that…

Promulgated: June 1 2005Effective: October 1 2005Interpreting authority: General Administration of Quality Supervision, Inspection and QuarantineMain contents:…

Issued: August 2 2005Effective: as date of issue Applicability: In the event of a conflict between previous provisions and this Circular, this Circular…

Promulgated: June 23 2005Effective: July 1 2005Interpreting authority: General Administration of CustomsApplicability: "Bonded logistics centre (Type B)"…

Promulgated: June 9 2005Effective: September 1 2005Main contents: The Measures detail the criteria and procedures for advance recovery of the investment…

Issued: July 15 2005Effective: as of date of issueMain contents: The Circular requires a sponsor to carry out due diligence review and verification on…