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Villa construction and management - prohibited in the new Catalogue of Industries for Guiding Foreign Investment (2011 Amendments)

China - January 18 2012 The PRC National Development and Reform Commission ("NDRC") and the PRC Ministry of Commerce have recently published the Catalogue of Industries for Guiding Foreign Investment (2011 Amendments)(hereinafter referred to as the "2011 Catalogue" which will become effective on 30 January 2012 and repeal and supersede its 2007 version).

Andy S. Yeo, William Lu.

CBRC orders banks in key cities to cease offering mortgage loans for third homes

China - August 30 2010 The China Banking Regulatory Commission (CBRC) has issued another set of internal guidelines for banks in key cities to cease offering mortgage loans for the purchase of the third home of a household.