State Council relaxes foreign investment in outbound tourism and elderly care. Companies are allowed 100% super tax deduction in investment in non-profit R&D institutions. Tax policy is eased for residents exchanging for new apartments.
The U.S. Department of Defense imposes further sanctions on Chinese tech firms; Chinese chip companies denied access to U.S. technologies; Tim Hortons China secures a SPAC merger.
High-tech companies are allowed 100% super tax deduction. China lifts property loan restrictions and allows cities to adjust the rates. CBIRC revises regulations to achieve equal treatment of domestic and foreign bank investment.
A draft national standard defines core and important data according to their impact to national security and economic operation. Shanghai issues the first provincial-level regulations on AI. A circular is issued prohibiting the hoarding and reselling of photovoltaic power plant development resources.
CAC proposes to revise the Cybersecurity Law to impose fines for cybersecurity violations according to size of business. Shenzhen issues rules for carbon trading and rules for the first register of personal bankruptcy administrators in the country.
Only marketing authorization holders or qualified pharmaceutical dealers may sell pharmaceuticals online. CAC sets forth cybersecurity administrative law enforcement procedures. Banks are encouraged to take railroad transport documents as documents acceptable for settlement and financing.
