The Provisions specify the qualifications required of and the procedures for foreign enterprises engaging in construction project design activities in the PRC, including cross-border delivery services.
The Circular details the screening of fixed asset investment projects in respect of the guiding ideology, principles, scope, content, post-screening handling, working methods and work progress.
The revised Law encourages increased foreign trade and cross-border services and cooperation by simplifying the approval requirements to trading rights, but imposes new intellectual property licensing barriers.
The new Regulations open the advertising market in China to greater foreign participation (one of the WTO commitments), and provide a legal guide for gaining more substantial control over their China operations.
The Procedures concern the monitoring, analysis and assessment of non-performing assets, in particular sources and analyses of data and information and the time for assessment report submission.
The Procedures undertake to reduce illegal and fraudulent activities in the PRC securities market by promoting sound corporate practices of both issuing companies and sponsors.
An important step forward, China modernizes its commercial banks by ensuring a sound financial position through the newly-issued measurable capital adequacy standards.