Legislation

Futures companies allowed to engage in futures investment consultancy services.

CIRC revises establishment criteria for insurance asset management companies.

The Provisions set forth the requirements and application procedures for establishment of publication general distributors, wholsalers, retailers, and leasing and chain enterprises.

The Provisions further regulate the temporary conduct of auditing in mainland China by overseas accounting firms.

The Guidelines detail the operating rules for bancassurance business concerning the insurance products, agency fees, sales model, sales, financial accounting, contingency mechanism and intra-industry exchanges.

Internet game business requires Rmb10 million of registered capital.

Acquirers allowed to select their own offer exemption clause in case of a coincidence of clauses.

Calculation of percentages relating to the purchase or sale of the identical or related assets by listed companies for a continuous period of 12 months clarified.

Time of completion of an acquisition to increase shareholding clarified.