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
Collective land may directly enter the market for commercial land use purposes, registration procedures for foreign-invested for-profit non-curricular language training institutions are clarified and parallel import of automobiles is further relaxed.
China announces six new FTZs targeting poorer regions and Belt and Road cooperation; central bank unveils three-year fintech development plan to accelerate innovation while curbing risks; new report warns foreign companies about corporate social credit's potential impact; and SAFE relaxes foreign currency conversion requirements across Shenzhen
The State Council has announced six new free trade zones and the penalty for import of a small amount of unauthorized pharmaceuticals may be exempted.
