Law Digest

Gives a heavier emphasis on supervision and service in approving premises projects that obtain leaseholds through bidding or auction.

All branches and business management departments of the People's Bank of China and all policy banks, wholly State-owned commercial banks and share system…

Foreign satellite TV channels may be broadcasted in designated venues receiving persons from abroad with state approval.

Composition of housing fund management committee and restriction of balance withdrawal unless emigration.

Procedures for changing ownership registration after the resolution of equity dispute in foreign investment enterprises.

Relaxes restrictions on equity investment to trust and investment companies.

Accounting procedures for capital verification of foreign investments enterprises.

Prohibits reserves, funds or future expenses withdrawal (except for bad debt) for taxation purposes.

The People's Bank of China (PBOC) recently issued regulations that partly liberalize the set up of new bank sub-branches and cash points by commercial banks.