Insurance Law

Implementing Rules to clarify the qualification verfication requirements of foreign-invested construction design enterprises.

Foreigners looking to conduct surveying and mapping in China must obtain consent from the authorities beforehand.

Insurance institutions required to conduct internal credit, ratings on bond investments.

The Circular changes the practice of pre-levying land value-added tax to settlement of the land tax after the project is complete.

National LegislationBANKINGCircular on Regulating the Administration of Record Filing of Non-performing Claims Transferred Overseas by Domestic Financial…

More requirements imposed on representative offices of foreign insurance organizations.

These measures impose further requirements on resident representative organizations in China of foreign insurance institutions, and facilitate the opening up of China's insurance market.

The new measures governing the establishment of representative organizations by foreign insurance institutions replace a similar set of measures promulgated only two years before.

The Chinese government plans to spend Rmb1.25 trillion to improve the country's railroad system by 2010, reports the Asian Wall Street Journal. With an…