Arable land, one of the most important non-renewable resources in China today, is rapidly shrinking due to the rapid, dramatic expansion of real estate development. The Chinese government, at various levels, has recently enacted new laws and regulations in an effort to conserve undeveloped land, increase the efficiency of land already in use, and clarify procedures concerning land

registration.

In this update, we summarize five such rules: (a) the Circular on Promoting Land Conservation and Improving the Efficiency of Land Use; (b) the Urban and Rural Planning Law; (c) the Land Registration Regulations; (d) the Shenzhen New Rules on Industrial Land; and (e) the Procedures on the Administration of Land Reserve. Those considering investing in PRC real estate may wish to

familiarize themselves with these rules as they will likely have a significant impact on future real estate development in China.

Please see full legal update for more information.