Full Text Translation

For the first time, the SAT provides for the direct recognition of a beneficial owner without references and analysis.

The Measures have been revised to pave the way for seed funding requiring the size of the fund to be at least Rmb50 million and the number of fundholders to be at least 200.

The limit on the total of the holdings of the A shares of a single listed company by all QFIIs is now increased from 20% to 30% of the listed company's total shares. The qualification thresholds for QFIIs have also been relaxed.

SIPO offers prioritised examination of invention patent applications involving energy conservation, new energy, alternative energy vehicles and low carbon technology.

When the Law comes into effect on July 1 2013, the work-type residence permits of foreigners will be valid from 90 days to five years while the non-work-type residence permits will be valid from 180 days to five years.

An issuer needs to convene a board meeting if the price-earnings ratio of its proposed share price is higher than the industrial average by 25%.

Letters of intent and MOUs have legal effect.

Share issuers and lead underwriters allowed to determine share pricing through negotiation between themselves.

Maternity leave of female workers is now extended from 90 days to 98 days (14 weeks).