China Law News

• Michael Jordan wins trademark case in top court

  The Supreme People's Court has ruled in favor of the former NBA star, closing a 4-year IP dispute

  December 12, 2016

• Legislation roundup: FDI Catalogue, risk management and banks' off-balance sheets

  The NDRC and MOFCOM have drafted the basis for the coming FDI negative list, the CSRC has tightened risk control on asset management and the CBRC has broadened scrutiny over off-balance sheet businesses

  December 08, 2016

• In the news: China proposes to fix VAT rebates, the Shenzhen-Hong Kong Stock Connect launches and the PBOC tightens offshore renminbi loan controls

  The State Council planned fixed rebates on value-added taxes to boost local government revenue, trading levels on the Shenzhen stock link's launch fell below expectations and the central bank stepped up inspections on Chinese companies' cross-border loans

  December 06, 2016

• Legislation roundup: Cloud services, P2P lending and real estate

  The MIIT has proposed that cloud services must connect to foreign networks through approved gateways, the CBRC has clarified that P2P platforms' record filing does not constitute credibility and Shanghai and Tianjin have imposed property curbs

  December 01, 2016

• In the news: China plans to impose outbound curbs, Disney cuts ties with a Chinese factory and the Chicago Stock Exchange acquisition gets scrutinized

  Reports of regulatory restrictions on overseas deals surfaced, Walt Disney terminated its relationship with a local toymaker after discovering labor violations and CHX emphasized that its takeover by Casin has no Chinese government involvement

  November 29, 2016

• New negative list sets internet market entry limits

  The NDRC's draft market access list for the internet industry needs clarity on implementation, conflicting regulations

  November 24, 2016

• Legislation roundup: FTZ reform, interbank bond market and independent guarantees

  The Shanghai FTZ has eased FX conversions for personal accounts, lower entry requirements for the interbank bond market have been set for non-financial institutions and the SPC has equally recognized both domestic and foreign independent guarantees

  November 24, 2016

• U.S. panel wants CFIUS to block all SOE deals

  A U.S. trade agency's report to Congress calls for a CFIUS requirement to ban all investments and acquisitions by Chinese state-owned enterprises

  November 24, 2016

• JPMorgan Chase settles China bribery claims for $264M

  The U.S. Justice Department charges JPMorgan Chase of FCPA violations, targeting the bank's "Sons and Daughters" hiring program in China

  November 19, 2016

• Legislation roundup: FTZ reform expansion, film law and enterprise income tax

  The State Council has promoted replicating FTZ reforms on a national scale, filmmaking approval requirements have been relaxed and the MOF and SAT have allowed banks to deduct deposit insurance premiums before tax

  November 17, 2016