Following the tragic Yancheng explosion, China is reviewing its related safety regulations; the government released the names of 197 information providers now registered in the use of blockchain-based technology; and laws controlling production of the drug Fentanyl have now been extended to all its derivatives.
Interim measures are offered in mainland China for Hong Kong arbitration cases, repayment sequence is clarified for bankruptcy cases and full disclosure of VIE structure is required for listing on the Science and Technology Board.
China's policy makers have boosted efforts to tackle unfair competition in recent months, but foreign companies remain skeptical of whether policy and legislation will actually translate into practice.
China's State Council plans to improve competition by establishing a fair play review system; food safety violations will incur much stiffer penalties, and the People's Bank of China's governor says domestic and foreign financial firms will soon play by the same rule book.
VAT rates are lowered, commercial banks are required to disclose NSFR information and advisory services are encouraged for the entirety of construction projects.
Huawei Technologies pleads not guilty to defrauding banks in a New York court; China's State Council signs off on amendments to 49 laws; and the State Administration for Market Regulation targets inferior products with new regulations.
The official Foreign Investment Law addresses trade secret protection, mandatory infringement liability of the licensor is removed in technology transfer and procedures for the centralized management of cross-border funds by MNCs are streamlined.
The National People's Congress approves a new comprehensive Foreign Investment Law; China plans to streamline trademark registrations; IP lawsuits soar in China for a second year, and Macao comes under pressure to improve its gaming regulations.
