Corporate Governance

No business should live from quarter to quarter

Foreign investors not allowed to hold a controlling interest in basic telecommunications services.

Foreign express couriers not allowed in domestic Chinese mail express services.

Transfers of state-owned assets of unlisted financial institutions must be done publicly.

Sponsors required to disclose principal risks of listed companies.

Securities offerings of securities companies shall comply with both general securities offering requirements and specific CSRC requirements.

Relaxation of approval authority creates foreign exchange control niche.

China's M&A Rules effectively blocked domestic Chinese companies from raising money on overseas capital markets. But recent Ministry of Commerce guidelines may have provided a way out. By Zhou Jiaxing, Or & Partners, Hong Kong.

Insurance companies allowed to invest in stocks and immovable property.