For the second year, Chinese FDI into the U.S. falls; The CBIRC releases 12 new measures planned to ease foreign banks and insurers' investments; and Tencent's PlayerUnknown's Battlegrounds game fails to get China licence.
Government investment should focus on non-profit public projects, measure of damages for patent infringement may be calculated in parts and the system for suspension of the listing and trading of securities may be abolished.
MOFCOM will release a shortened negative list for foreign investment in the first half; SAFE requires local registration for cross-border online transactions; and shareholders can sue to prevent harmful transactions.
People's court allows share transfer to resolve shareholder disputes, government officials may not require technology transfers in granting administrative permissions and technical investigators may be assigned in IP litigation cases.
The CSRC has agreed its first administrative settlement with Goldman Sachs and Gao Hua Securities; seven themed funds were approved for Shanghai's new Sci-Tech Board; and the National People's Congress is reviewing measures to tighten up the production and sale of drugs.
Trademark Law is revised adding bad faith registration provisions, the scope of trade secret infringement is broadened and Chinese law firms are required to carry out record filing for overseas expansion.
Ericsson faces investigation over its intellectual property licensing practices; investors in CDRs of innovative enterprises will enjoy a three-year tax break on profits; and China issues a new rule to improve the supervision of elderly care services.
Shanghai FTZ allows an increase in plot ratio of land, guidelines on articles of association are revised to accommodate special voting rights and foreign accounting firms are required to make filings for auditing of bond offerings.
Heng An Standard Life Insurance becomes the first foreign-invested pensions insurer to win CBIRC approval; Shanghai announces plans for more corporate tax cuts this year; and China mulls closure of virtual currency mining outfits.
Guiding catalogue of industrial structure encourages big data and AI technology, banks' liability for asset management is protected and draft regulations are issued on carbon trading.
