In the news: China boosts VC and launches $53B SOE reform fund, and Sony and Wanda tie up

China seeks to boost venture capital with new guidelines With China's economy expanding at the slowest pace in more than two decades, the government wants to create a more vibrant market with mature players. This initiative needs lots of funding, and the authorities have been issuing various tax breaks for R&D, VC firms and high tech companies. The State Council guidelines were broad, and also called on local companies to develop funds that invest overseas and encouraged entry by foreign VC firms. FDI in several key VC sectors is largely restricted due to industry-specific regulatory caps, but with the foreign investment regime being reformed, it will hopefully see the promise of a level playing field come true. Global private funds poised to enter China Announcement on Issues Relevant to Enterprise Income Tax on Legal Person Partners of Venture Capital Firms Organized as Limited Partnerships Measures for the Administration of the Recognition of High and New Technology Enterprises (Revised) High-tech company rules shift focus to compliance China launches Rmb350 billion fund for SOE reform After years of talk and little real action, the staggering $52.5 billion set aside here shows China is serious. The restructuring of the nation's state-owned sector has been moving fast under President Xi Jinping, with landmark deals such as last year's merger of top train manufacturers China CNR and China CSR, and the combination of container liners COSCO and China Shipping earlier this year. Adding to the impetus is a reported target of the national reform process being completed by the end of 2017. The state assets authority also said in July that 10 central SOEs were in talks to create five groups. GE China interview: Compliance, big data and projects Adapting to the evolving corporate famework Sony Pictures and Dalian Wanda tie up to tap China's movie market The company's continuing commercial expansion plans in China go well with the country's flourishing film industry. Wanda is also being advised by Pinewood Studios—home to the “James Bond” and Star Wars” movies—on building a new 45-stage film studio complex in Qingdao. These collaborations are mutually beneficial, because while China restricts the number of imported films that theaters can show to 34 a year, movies that qualify as co-productions and meet other criteria are exempt from this limit and generally have an easier time navigating censorship issues. Provisions for the Administration of Online Publication Services Opinion: China adopts FIE negative list, expands record filing nationwide National Development and Reform Commission and Ministry of Commerce, Draft Negative List for Market Access (Trial Version) China seeks to boost venture capital with new guidelines With China's economy expanding at the slowest pace in more than two decades, the government wants to create a more vibrant market with mature players. This initiative needs lots of funding, and the authorities have been issuing various tax breaks for R&D, VC firms and high tech companies. The State Council guidelines were broad, and also called on local companies to develop funds that invest overseas and encouraged entry by foreign VC firms. FDI in several key VC sectors is largely restricted due to industry-specific regulatory caps, but with the foreign investment regime being reformed, it will hopefully see the promise of a level playing field come true. Global private funds poised to enter China Announcement on Issues Relevant to Enterprise Income Tax on Legal Person Partners of Venture Capital Firms Organized as Limited Partnerships Measures for the Administration of the Recognition of High and New Technology Enterprises (Revised) High-tech company rules shift focus to compliance China launches Rmb350 billion fund for SOE reform After years of talk and little real action, the staggering $52.5 billion set aside here shows China is serious. The restructuring of the nation's state-owned sector has been moving fast under President Xi Jinping, with landmark deals such as last year's merger of top train manufacturers China CNR and China CSR, and the combination of container liners COSCO and China Shipping earlier this year. Adding to the impetus is a reported target of the national reform process being completed by the end of 2017. The state assets authority also said in July that 10 central SOEs were in talks to create five groups. GE China interview: Compliance, big data and projects Adapting to the evolving corporate famework Sony Pictures and Dalian Wanda tie up to tap China's movie market The company's continuing commercial expansion plans in China go well with the country's flourishing film industry. Wanda is also being advised by Pinewood Studios—home to the “James Bond” and Star Wars” movies—on building a new 45-stage film studio complex in Qingdao. These collaborations are mutually beneficial, because while China restricts the number of imported films that theaters can show to 34 a year, movies that qualify as co-productions and meet other criteria are exempt from this limit and generally have an easier time navigating censorship issues. Provisions for the Administration of Online Publication Services Opinion: China adopts FIE negative list, expands record filing nationwide National Development and Reform Commission and Ministry of Commerce, Draft Negative List for Market Access (Trial Version)