Corporate Governance

FIEs required to give an undertaking before allowed establishment.

Registration of subscribed for registered capital to be implemented on a trial basis in the free trade zone.

The Zone selects the financial services, shipping services, trade services, professional services, cultural services and social services sectors for increased liberalisation.

State Council suppresses bureaucratic approval requirements.

China establishes its first free trade zone in Shanghai.

The establishment of a foreign-invested enterprise in mainland China can be a formidable task, but a Circular from the State Council may streamline the process and ease the registration burden

Branches of foreign insurance companies are allowed to make capital contributions in renminbi.

Contents of interim reports simplified.

Contents of quarterly reports simplified.