China Laws and Regulations Update in August 2019

1.Land Administration Law of the People’s Republic of China

Promulgated by the National People’s Congress

Document Number: No.32 President Order

Promulgation date: 26 August 2019

Implementation date: 1 January 2019

The amendments to the Land Law lifts the legal restriction on collective commercial construction land into the market. Collective rural construction land can be transferred, leased or given in other way to and directly used by organizations or individuals other than a collective rural economic organization after being permitted by the plan, legally registered and approved more than two thirds of members of the collective economic organization. The users can subtransfer the land in their possession by transfer, swap and pledge. (Source: Website of the National People’s Congress)

READ MORE