The Measures prohibit a business operator from exempting ifself from its liabilities in standard clauses, or increase the seriousness of the liabilities bearable by the consumer or deny the consumer its rights in such clauses.
The Measures detail the administration of general tax treatment of enterprise re-organisation, the administration of special tax treatment of enterprise re-organisation, and the tax administration of cross-border re-organisation.
The Provisions address the issues of the application of law concerning disputes arising in the course of the establishment, the modification, etc. of foreign-invested enterprises, which mainly include the validity of contracts without approval and its legal consequences, equity confirmation, equity transfers and equity pledges.
The Measures detail the qualification conditions, subject matter of investments, investment code, risk control and oversight in connection with equity investment with insurance capital.
The provision of security to foreign parties for financing purposes by banks in China shall be subject to balance control, and the provision of security to foreign parties by non-bank financial institutions and enterprises shall mainly be subject to approval on a case by case basis.
The Circular specifies the procedures for foreign exchange registration, its amendment and cancellation, and conversion in connection with overseas direct investments of banks in China.