In Part I of this series, Daisy Duan, Yingjie Yang and Cuishi Li of King & Wood Mallesons introduced the implications of the amended PRC Company Law for Formal Capital Reductions. In Part II, the authors focus on the accounting and tax treatments of Substantive Capital Reductions, and analyze the tax risks of shareholders with regard to capital reductions not made at fair market value.

Chinese developer sues Apple for removing its app from the App Store; CSRC requires increased shareholder returns to boost stock prices; and Foreigners are choosing to work remotely instead of moving to China

SAMR defines relevant markets for standard essential patents. Arbitration Law draft provides for interim measures. CSRC issues rules to instruct listed companies to manage its market value.

As China prepares to introduce a long-awaited increase in the statutory retirement age for both men and women, Guo Wei and Wu Hantong of Tian Yuan Law Firm examine the impact of this sweeping domestic change on foreign-invested enterprises

Large data security incidents are required to be reported to the local industry regulator

NMPA clarifies the qualifications of a foreign-invested enterprise that may produce imported medical devices in China

SAMR tightens rules on SEPs to protect competition; Lawsuit defines scope of search engines’ obligations on search result algorithms; and China promotes carbon neutrality in new environmental energy law.

National Data Administration provides official definitions of 41 terms in the data sector

A foreign investor is allowed to subscribe for new shares of a listed company as a placement target determined by means of competitive bidding. NMPA clarifies the qualifications of a foreign-invested enterprise that may produce imported medical devices in China. Large data security incidents are required to be reported to the local industry regulator.