China Law News

PRC courts heard a record number of corruption cases last year, top legislators suggested making defaming national heroes a civil offense, an SPC decision lacked detail on VIE contract enforceability, and seven new FTZs prepared to launch

SIPO has improved patent examination guidelines to accommodate new technology, AMAC has set registration requirements for private fund service firms and barriers to participation have been removed for foreign construction design companies

China has drafted measures for the review and approval of online security products used by key network operators, but businesses need more clarity

This week the NPC focused on controlling financial system risks, a minister suggested a wider budget deficit, and Baidu's Li proposed measures to attract foreign workers

SAFE has opened up FX derivative trading to foreign institutional investors, proposed EIT Law amendments have offered reductions for large donations, and the CBRC has released rules to govern the custody of P2P loan proceeds

FDI deals so far in 2017 have almost doubled on year to $7.1 billion, the State Council said it would more than halve the number of drug distributors to cut pharmaceutical prices, and the PBOC has run trials of its new cryptocurrency

The CSRC has clamped down on excess fundraising by listed companies, AMAC has curbed property speculation in the securities market and the new catalogue further opens central and western China up to high-tech FDI

Shanghai has recognized headquarters-like organizations, the SPC has permitted the transfer of enforcement cases for bankruptcy review and the CSRC has tightened risk controls for hedge funds

Companies in China must enhance environmental compliance as they prepare for a law that replaces discharge fees with taxes on air, water, solid waste and noise pollution starting next year