In the news: OSI fined in food safety scandal, SPC said to launch platform to aid enforcement and QFII rules relaxed

OSI Group fined Rmb2.4 million in food safety scandal The 2015 version of the PRC Food Safety Law has increased penalties by up to 10 times and requires producers and traders to establish food traceability systems, which are widely used in France and the U.S. But it didn't provide clarity on the required standards, so practitioners hope the draft Implementing Regulations will contain specifics on supervision criteria and “serious” violations to deter incidents like this. Preparing for the food safety crackdown State Food and Drug Administration, Implementing Regulations for the PRC Food Safety Law (Draft Amendments for Comments) Walmart China interview: How to survive and stay ahead SPC to build transparent platform for case updates Enforcement has long been difficult in China. The proposed system of a unified, nationwide platform recording the status of debtors' assets is promising, but it may do little to help with the key challenge of asset discovery. The SPC has taken steps to prevent defendants from running and hiding, even banning them from purchasing first-class tickets on high-speed trains and applying for bank loans. See here for five key measures to get orders enforced in China. Keeping up with the courts Enforcing arbitral awards: a guide Five ways to get your order enforced Why China's judicial reform has a long way to go QFII restrictions eased further renminbi On the surface, this seems to be a good thing. But investors must note that SAFE said also that it retains the right to tweak outflow rules depending on market conditions. This adds to a climate of policy uncertainty exacerbated by the renminbi's surge in volatility and several measures taken in recent times to curb outflows. Some analysts say SAFE's latest move is aimed at winning inclusion in MSCI Inc.'s equity gauges, but not many expect the index provider to be convinced. China Foreign Exchange Trade System, Announcement on Matters Relevant to the Entry into the Interbank Foreign Exchange Market by Foreign Banks That Participate in Renminbi Sale and Purchase Business People's Bank of China, Circular on Implementation of the Normal Deposit Reserve Rate for Deposits with Domestic Correspondent Banks by Banks Participating in Offshore Renminbi Business People's Bank of China and State Administration of Foreign Exchange, Announcement [2015] No.40 Apple Pay launches in China this week More than 358 million Chinese conduct their payment online via mobile devices, according to official 2015 state figures – this is greater than the entire current population of the U.S. Apple has had a few labor and software security scuffles in China, but getting this EPS deal through is pretty major for a foreign company. The arrangement shows just how closely Apple has had to work with SOEs and regulators to achieve this. Handling disputes, trade secrets as data rules tighten TMT changes require strategy rethink Why information security must be prioritized CFDA cuts Alibaba e-pharmacy arrangement The CFDA apparently plans to transfer AliHealth's role to a nonprofit. This comes after a Hunan-based pharmacy chain filed a lawsuit against the CFDA for giving AliHealth an unfair advantage, saying that there was no legal basis for introducing the drug monitoring system without holding open bidding for candidates. Local drug companies have had to invest millions to comply with the system's requirements, and AliHealth's financial reports indicated the system was responsible for much of the company's revenue. China's drug price reforms: Much of the same? What the new Drug Administration Law brings