China Law News

• In the News: Consumption Tax Law; Mobile Apps Crackdown; and Constitutional Review Platform

  New consumption tax draft law puts State Council center stage; major mobile apps caught for illegal data collection practices; and NPC launches online platform for submitting constitutional review requests

  December 08, 2019

  

• Legislation roundup: Value-added and consumption taxes, and online rumors

  Law drafts are released on value-added and consumption taxes redefining eligible taxpayers while online audio and video information service providers are required to establish a rumor refutation mechanism.

  December 05, 2019

• In the News: Alibaba Raises $13 Billion; MSCI Issues Reform Demands; and Trump Signs Hong Kong Act

  Alibaba raises $13 billion in Hong Kong secondary listing; MSCI wants more hedging tools and easier settlement cycles before further stock inclusion; Trump signs Hong Kong democracy act in trade war setback

  December 02, 2019

  

• Legislation roundup: Cybersecurity, trust companies and financial disputes

  CAC specifies procedures for reporting of cybersecurity threats, CBIRC lowers the thresholds for foreign investment access to trust companies and a new regime of judicial enforcement of block trade disputes is established.

  November 28, 2019

• In the News: Shortened Negative List; Hometown IPO Preferred; Shanghai-Frankfurt Stock Connect; and Inbound FDI Growth

  China shortens and simplifies market entry negative list; Chinese private firms prefer China over U.S. for IPOs, survey finds; Shanghai-Frankfurt stock connect to be launched; and inbound FDI increases with FTZs enjoying significant growth

  November 25, 2019

  

• Legislation roundup: H shares, futures exchanges and health insurance

  CSRC allows unlisted H shares to be fully traded and aligns regulation of futures exchanges with international standards while CBIRC tightens its oversight on health insurance business.

  November 21, 2019

• In the News: Alibaba's Hong Kong Listing; China Lifts US Chicken Ban; Australia Approves Mengniu Takeover; and Jingye Rescues British Steel

  Alibaba set for secondary listing in Hong Kong; China lifts four-year U.S. poultry ban; Australia approves Mengniu takeover of infant formula maker; and Jingye Group rescues British Steel from the brink

  November 18, 2019

  

• Legislation roundup: Arbitration, FDI and factoring

  Shanghai FTZ allows foreign arbitration institutions to establish offices in its Lingang New Area, foreign investors will be allowed a majority shareholding in securities companies in 2020 and business restrictions on factoring enterprises are made clearer.

  November 14, 2019

• In the News: Alipay Opens to Foreigners; CSRC Scraps Profit Rules; and MSCI Increases A Shares Weight

  Alipay allows foreign visitors to use its mobile payments platform; CSRC scraps two-year profit requirement for ChiNext private placements; and MSCI completes plan to increase A share weighting in key benchmark

  November 11, 2019

  

• Legislation roundup: Foreign Investment Law, industrial catalogue and food safety

  Draft of the implementing regulations for the Foreign Investment Law has addressed the VIE structure concerns, final industrial adjustment catalogue no longer eliminates virtual currency mining and food safety liability can be pursued down to the responsible persons.

  November 08, 2019