China Law News

The CBRC has prohibited investors from controlling more than one bank and has imposed stricter liquidity risk thresholds, and Sino-foreign oil and gas CJVs have been exempted from mining royalties

The SAT has clarified the scope of R&D tax super-deductibles, and the NDRC has required record filing for project consulting firms and cost reviews for natural monopolies

The Anti-unfair Competition Law has clarified corporate liability for employee misconduct, the NDRC has proposed simplified outbound approval procedures, and auto loan ratios have been raised for alternative energy vehicles

Shenzhen has permitted JVs and WFOEs for QFLP management firms and the CAC has required internet news providers to conduct security assessments for new technology

The year's must-attend event for in-house legal counsel in the region, hosted by The American Lawyer and Legal Week at the One Farrer Hotel & Spa on Nov. 23

The “Permit and License Dissociation” reform has been expanded to the other 10 FTZs, the CSRC has tightened disclosure requirements on listed company M&A, the PBOC has set standards for sovereign bond underwriting syndicates, and Shanghai has offered incentives for foreign R&D centers

CIETAC has issued its first rules on international investment disputes, the CAC has tightened social media controls, LLPs have been added to accounting firm regulations, and the PBOC has issued two policy revisions to limit renminbi depreciation

The State Council has specified exit mechanisms for VC funds, authorities have jointly cracked down on virtual currency trading, and the PBOC has banned banks from issuing long-term interbank negotiable certificates of deposit

The SPC has clarified that shareholders can be held liable for divulging trade secrets, and the State Council has restricted outbound deals in real estate and hotel industries and substantially raised the threshold for establishing financing security companies