The first national e-commerce legislation in China deals with two key areas: enforceability and legal effect of data messages and electronic signatures and their verification.
The new Policy demonstrates the PRC's ambition to develop the auto industry into one of its pillar industries by expanding its scope and removing special approval procedures for car sellers.
The Provisions set out the temporary framework for insurance asset management companies on establishment, change, termination, business scope, operation rules and risk control.
The Opinions acknowledge the significance of vigorously development in the capital markets, outline reform ideologies, and provide directions for future liberalization.
The Circular provides eight qualifications that a listed parent company must meet, and adopts a mechanism to ensure the independent listing status and continuous profitability of the listed parent company after the spin-off.
The Provisions stipulate detailed regulations in relation to company registered capital, including its amount, method of contribution, asset appraisal, form of payment, increase or decrease, and the corresponding procedures, rights and liabilities.
The Implementing Rules mainly focus on the establishment, termination and liquidation of foreign-invested insurance companies and their branch organizations, clarifying the PRC Administration of Foreign-invested Insurance Companies Regulations effective since February 2002.