Legislation

Disclosure of risk factors required in corporate bond prospectuses.

China's first law on anti-competitive activities promulgated.

Futures brokerages renamed as futures companies.

This law governs the offering of corporate bonds in the People's Republic of China. Trusts are introduced for offering of corporate bonds.

China's first anti-monopoly law. This law aims to ensure fair market competition and to prevent and halt monopolistic acts.

This law aims to regulate futures companies in China. Of chief importance is that futures brokerages are renamed as futures companies.

Lifting the restrictions on the amount of foreign exchange income on the current account that may be retained by domestic institutions.

Requirements on deposit payment loosened for processing trade enterprises.

Labour-intensive processing trade discouraged.