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.
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.
