Full Text Translation

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).

Green light given again to the approval of foreign investment in futures companies.

All enterprises shall establish a democratic management system, with the employee representative congress as its basic form.

Companies may institute anti-monopoly actions directly with the people's court without recognition by administrative departments.

The Report derives 44 law application issues with general guiding significance from 34 carefully selected typical cases, including patent, trademark, copyright and competition cases.