China Law News

This week the McDonald's and Yum supplier was fined Rmb2.4 million, the Supreme People's Court will build an online platform to track punishments, SAFE relaxed QFII restrictions, Apple Pay was launched in China and the CFDA ended its AliHealth partnership

Qualified foreign banks have been invited to participate in currency trading, downpayments for personal housing loans have been lowered and MNCs' FX controls have been eased in the Guangdong FTZ

The PBOC has made it easier for FTZ entities to get offshore RMB/FX loans and the CSRC has tightened disclosure requirements for listed companies that issue bonds

This week China's stocks and capital outflows were analyzed, ex-Glaxo employees were charged with cancer drug data theft, investors criticized a local venture capital investment incentive and a probe into new-energy auto subsidies fraud began

The PBOC has limited banks' renminbi outflows, data compliance requirements for internet news outlets have increased and the CSRC has widened investment options for money market funds

This week Qualcomm inked a deal to develop server chips in Guizhou province, Haier proposed a $5.4 billion takeover of GE's appliance business and China's plan to give local governments the authority to approve projects backfired

The MIIT's 2015 Classified Catalogue of Telecommunications Services has expanded internet categories, HNTEs' IP requirements have been lowered and the SAT has permitted tax super-deductions for outsourcing R&D

This week the new Classified Catalogue of Telecommunications Services was discussed, China's top fashion e-commerce sites combined and U.S. marshals raided a Chinese hoverboard booth at the Consumer Electronics Show

The SAIC has imposed stricter rules for displaying real estate prices, MOFCOM has set terms for automobile suppliers and enterprises that violate consumers' rights will be penalized and labeled delinquent