China Law News

PayPal acquires controlling stake in Chinese payments company; Trade war, IP theft biggest worries for companies in China, survey finds; and Hong Kong-mainland arbitration interim measures arrangement takes effect

Alibaba unveils first in-house chip for AI applications following Huawei's lead; FTSE Russell leaves out Chinese government bonds from major index; and Shanghai releases interim measures to trial public data system

New amendments are proposed to specify the steps in understanding an invention, regulatory criteria for net capital are laid out for wealth management subsidiaries of banks and a campaign is launched against Apps in collecting personal data.

China's economy continues to slow as August data paint worrying picture; Chinese dairy giant Mengniu proposes to buy Australian infant formula maker; and the NDRC outlines plans to incorporate more business input in policy-making

Set to be fully implemented in 2020, China's corporate social credit system will monitor all aspects of a company's operations and seek to shape their behavior through blacklistings and joint punishments. Lawyers and experts alike suggest foreign companies take advantage of the system when conducting due diligence and localize their compliance programs.

Commercial banks engaging in insurance agency business receive new rules, housing loans face new rate standards and norms are provided for cyber ecosystem.

China scraps QFII quotas on foreign investment in capital markets; China and U.S. exchange goodwill gestures ahead of trade talks; CBIRC tightens regulation surrounding affiliate transactions in insurance sector; and surge in pork prices spark government scramble to increase production with subsidies

The State Administration for Market Regulation prohibits bad faith trademark registrations while the China National Intellectual Property Administration would conduct an overall review of a portfolio of patent applications. On the other hand, affiliated transactions of insurance companies face stricter scrutiny.

China grants full debt underwriting licenses to two foreign banks; U.S. imposes anti-dumping duties on Chinese structural steel imports; and China issues first white paper on nuclear safety as talks wind down with France on fuel reprocessing project