July 12, 2012
Letters of intent and MOUs have legal effect.
Private investors may invest in SOEs with IP rights and land use rights.
Listed insurance companies and insurance group companies allowed to issue subordinated convertible bonds.
Private capital encouraged to develop green transportation.
Green light given again to the approval of foreign investment in futures companies.
Percentage of allocations to general reserves of financial enterprises raised to 1.5%.
Private capital encouraged to enter the basic telecoms operation market through the taking of equity interests.
An IPO P/E ratio should not be higher than the industrial average by 25%.
Mediation of securities disputes introduced.
Minimum shareholding of private investors in rural banks may be lowered to 15%.