Legislation roundup: Nursing homes, insurance companies and online group purchases

Foreign investment

Ministry of Commerce and Ministry of Civil Affairs, Announcement on Matters Relevant to the Investment in, and Establishment of, For-profit Elderly Nursing Homes by Foreign Investors
商务部、民政部关于外商投资设立营利性养老机构有关事项的公告

Foreign investors are encouraged to establish for-profit elderly nursing homes in China as wholly-owned enterprises or as equity or cooperative joint ventures with Chinese companies, enterprises or other economic organisations. A foreign-invested for-profit elderly nursing home may engage in elderly care service related domestic investment and enjoy the same tax incentive policies available to domestic for-profit elderly nursing homes.

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Further reading
Measures for the Permission to Establish Elderly Nursing Homes
PRC Wholly Foreign-owned Enterprise Law (Revised)
PRC Wholly Foreign-owned Enterprise Law Implementing Rules (Revised)


Insurance

General Office of the China Insurance Regulatory Commission, Measures for the Administration of Capital Supplementation by Insurance Companies (Draft for Comments)
中国保险监督管理委员会办公厅保险公司资本补充管理办法 (征求意见稿)

Insurance companies may use various methods to supplement their actual capital, including but not limited to:

(1) common shares;
(2) preference shares;
(3) capital reserve;
(4) retained profits;
(5) debt-type capital instruments;
(6) contingent capital;
(7) policy liability securitisation products; and
(8) non-traditional reinsurance (Article 12).

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Further reading
PRC Insurance Law


Retail

State Administration for Industry and Commerce, Tentative Provisions for the Administration of Online Group Promotional Activities for Goods and Services (Draft for Comments)
国家工商行政管理总局网络商品和服务集中促销活动管理暂行规定（征求意见稿）

An online group promotion organiser shall check and verify the business entity identity of the business operators participating in the online group promotion, It may not set conditions such as minimum transaction volume or minimum transaction amount, minimum price or maximum price, or tied or bundled sale to restrict or preclude business operators participating in online group promotion from engaging in promotional activities.

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Further reading
PRC Anti-monopoly Law
PRC Law on the Protection of the Rights and Interests of Consumers (2nd Revision)
Measures for the Administration of Online Trading