Full Text Translation

The revised Measures require a franchisor to disclose the actual investment amounts of its franchisees. Confidentiality requirements of franchisees are also elaborated.

Mass media to cooperate in combating fraudulent advertisements.

Renminbi Qualified foreign institutional investors allowed to invest renminbi proceeds raised in Hong Kong in securities in China.

The Provisions elaborate on application requirements for renminbi qualified foreign institutional investors.

The revised Measures relax the disclosure requirements of shareholders with 50% or more of the outstanding shares of a listed company.

Implementing Regulations finally come out after the promulgation of the PRC Law on the Invitation for and Submission of Bids in 1999, preventing the restriction or preclusion of potential bidders.

NDRC issues the first nationwide circular on private equity investment enterprises regulating the establishment of equity investment enterprises and limitation on the number of investors.

Enterprises required to fund and staff an employment dispute mediation committee.

Pre-tax allocation of loan loss reserves for lease financing receivables allowed for financial enterprises.