China Law News

Multinational companies are the target of focus as China beefs up regulations and reporting requirements to crack down on avoidance and close transfer pricing loopholes. 中国加强法规和申报规定来打击避税，填补转让定价漏洞，跨国公司成为重点目标。

The second draft leaves certain aspects vague, targets business information and requires national security reviews. Lawyers advise MNCs to have risk management protocols for cross-border data transfers

The SAIC has clarified the e-commerce 7-day return policy, local AICs have begun accepting trademark registration applications, and the National Social Security Fund has tightened trust loan security requirements

This week the State Council encouraged local governments to invest in startups, a Rmb350 billion fund for restructuring SOEs was established and Dalian Wanda partnered with Sony Pictures to finance and market movies

The NDRC has drafted a revised FDI catalogue for central and western China, the Shanghai FTZ has opened the renminbi bond market and e-data has been permitted to be frozen for investigations

The NPC and MOFCOM have expanded the record filing regime for FIEs nationwide, and the CSRC has clarified definitions of changes in control of listed companies

The PBOC and SAFE have tied RQFIIs' investment limits to their AUM, the CIRC has tightened its grip over personal insurance products and public donation postings have been required to be certified

This week world leaders agreed on global trade and climate change policies, and China announced seven new free trade zones, reviewed Didi and Uber's merger, and got serious with bad debt

The cyberspace authority sets qualification requirements, places onus of authenticating users on app companies. 网络主管部门制定资质要求，公司承担用户身份认证责任。