Full Text Translation

The revised Provisions set forth requirements concerning solvency assessments, solvency reports, solvency management and solvency monitoring.

The Ministry of Commerce delegates its power to approve the establishment of foreign-invested companies limited by shares to provincial-level departments in charge of commerce.

The Implementing Regulations provide further details to the PRC Employment Contract Law concerning the conclusion of employment contracts, termination and ending of employment contracts, and placement.

The Regulations cover the control of foreign exchange on the current account and capital account.

The Provisions detail matters in respect of the counting, interruption, suspension and validity of prescription of actions.

The Measures specify the qualifications and application procedure for establishment of a foreign-invested mineral exploration enterprise.

The revised provisions lower the minimum registered capital of foreign-invested telecommunications enterprises that provide basic telecommunications services.

The revised Measures amended Article 63, concerning application to the China Securities Regulatory Commission for an offer exemption by using the simplified procedure.

The Provisions define the threshold at which a concentration of business operators shall be reported to the State Council's department in charge of commerce.