Corporate Governance

CIRC revises establishment criteria for insurance asset management companies.

The Provisions set forth the requirements and application procedures for establishment of publication general distributors, wholsalers, retailers, and leasing and chain enterprises.

A new one sentence supplement to China's criminal law ramps up the government's anti-bribery campaign, extending its reach to punishing Chinese citizens or entities who attempt to bribe government officials outside China. But, several key terms lack definition and enforcement remains a challenge

Acquirers allowed to select their own offer exemption clause in case of a coincidence of clauses.

Calculation of percentages relating to the purchase or sale of the identical or related assets by listed companies for a continuous period of 12 months clarified.

Time of completion of an acquisition to increase shareholding clarified.

Mofcom lifts the examination and approval requirement for certain foreign investment matters.

CSRC gives a definition of a seriously distressed company.

The Circular lifts and streamlines the examination and approval requirements for certain foreign investment matters.