Goldman Sachs, Morgan Stanley pass final hurdle to take majority control over local JVs; CBIRC releases insurance asset management product rules as part of new regulatory regime; and MOFCOM publishes draft rules mapping out foreign investment complaints procedure
Insurance asset management products are offered to private investors, domestic law firms are encouraged to expand overseas and extension is offered to R&D tax refund filings.
China steps up measures to contain imported COVID-19 cases; HKEX launches master SPSA service for fund managers; and SAFE eases foreign borrowing regulations for high-tech startups.
The encouraged foreign investment catalogue is seeking public comments on adding more investment items, State Council delegates the land conversion approval authority to local governments, and Shanghai and Shenzhen Stock Exchanges include the trading of depository receipts.
China sees businesses and workers return to work as epidemic situation improves; Beijing announces quarantine for inbound travelers as worry over imported cases grows; and AmCham China reports pessimism among members over worsening bilateral relations
In view of coronavirus outbreak, government support is offered to foreign investment projects and port charge rates are reduced. People's Bank of China issues first specifications on distributed ledger technology.
China promotes arbitration, mediation for virus-related business disputes; business resumption requirements clarified by State Council notice; and government offers subsidies to airlines struggling amid epidemic
Coronavirus troubled small businesses may have their loan payments postponed, non-litigation dispute resolution is encouraged in labor disputes, and banks and insurance companies are allowed to engage in sovereign bond futures trading.
Economy still stifled despite positive signs indicating success in containing virus; record issuance of force majeure certificates to Chinese businesses disrupted by epidemic; and JP Morgan indexes begin Chinese government bond inclusion
