Legislation

SAFE raises the short-term foreign debt quotas of banks.

Private equity funds established in the form of a company or partnership to engage in securities investments managed by a fund manager or general partnership are now governed by the Securities Investment Fund Law.

A worker may request for 30% of his/her average wage for performance of non-compete obligation.

Administrative measures on auctions relaxed.

Soil protection incorporated into government and enterprise assessment.

SAFE streamlines forex procedures for overseas listing.

The first self-disciplinary system of China's interbank market for credit rating.

CIRC strengthens risk control by monitoring investment capabilities of insurance companies.

Issued: January 31 2013Main contents: The Draft lifts the restrictions on the number and geographical locations of the branches of securities companies.…