Legislation roundup: Futures companies, residential housing and female employees
March 07, 2019 | BY
Susan MokRegistered capital requirement for futures companies is raised, usable area shall be adopted for sale of residential housing and marital or maternity status may not be asked when hiring female employees
Capital Markets
China Securities Regulatory Commission, Measures for the Regulation of Futures Companies (Draft for Comments)
When applying to establish a futures company, its registered capital shall not be less than Rmb100 million.
The net capital of the controlling shareholder or largest shareholder of a futures company shall not be less than Rmb500 million or its net assets shall not be less than Rmb1 billion.
See the digest for more details.
Further reading
Real Estate
General Office of the Ministry of Housing and Urban-rural Development, Specifications for Residential Housing Projects (Draft for Comments)
A transaction for residential premises shall be based on the interior usable area
Newly constructed urban residential premises shall be delivered fully fitted out, for example, the water supply and drainage, heating, ventilation and air conditioning, gas, lighting, power supply and other such systems shall essentially be fully installed.
See the digest for more details.
Further reading
Labor
Ministry of Human Resources and Social Security, Ministry of Education and Seven Other Departments, Circular on Further Regulating the Recruitment of Employees to Promote the Employment of Women
An employer or human resources service firm may not, in the course of drafting its recruitment plan, publishing recruitment information and hiring, restrict the gender of the person or favor one gender over the other, may not ask a woman's marital or maternity status and may not set a pregnancy test as an item on the entry physical examination.
See the digest for more details.
Further reading
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