China Law News

• Legislation roundup: CDR, tax breaks and banks' risk exposures

  China allows CDRs, tax breaks only require retention of documentation, and curbs are imposed on large exposures of banks

  May 09, 2018

• Legislation roundup: Social insurance, legal talent pool and Shanghai Financial Court

  Social insurance reductions will continue, and a pool of foreign-related legal talent and the Shanghai Financial Court are established.

  May 03, 2018

• Legislation roundup: Unmanned aircraft, rental property securitization and environmental tax

  Criteria for unmanned aircraft permits set out, securitization of housing lease assets promoted in certain areas, and calculation of environmental tax clarified.

  April 26, 2018

• Legislation roundup: IPR transfer, internet financial risks and personal data protection

  Outbound IPR transfers require a review, only financial institutions may engage in online asset management sales, and non-criminal personal data divulgence may be fined.

  April 19, 2018

• Legislation roundup: Futures market, securities JV and third-party payment firms

  China opens up its futures market and third-party payment market, as well as allowing a foreign controlling interest in securities JVs.

  March 30, 2018

• Legislation roundup: Tax agreement, outbound investment and insurance companies

  Foreign partners may enjoy tax agreement benefits, insurance company-backed foreign loans should comply with outbound investment policy and establishment procedures for insurance companies are streamlined.

  March 05, 2018

• Legislation roundup: FDI, outbound investment, and environmental protection tax

  Income tax burdens have been eased for foreign investors, tax credit policy has been revised to align with outbound investment needs, and the calculation method for environmental tax has been clarified

  January 12, 2018

• Legislation roundup: Outbound FX, asset management, and law firms

  SAFE has required offshore loans to comply with outbound investment policy, roundabout wealth management activities have been suppressed, and Guangdong has broadened the business scope for Hong Kong/Macao law firms

  December 14, 2017

• Legislation roundup: Shareholding and liquidity risk in banks and resource tax

  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

  December 07, 2017

• Legislation roundup: R&D tax breaks, project consulting, and government pricing

  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

  November 27, 2017