China Law News

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。

The SAT has clarified VAT will not be levied on purely offshore activities, the CIRC has proposed curbs on risky investments by insurance companies and MOFCOM has abolished its approval requirements for processing trade

The first online lending regulation was issued to curb shadow banking risks, the rise of digital wallets threatened banks' access to big data and local governments' plans for the flailing coal and steel industry were discussed

The first law on online lending has been issued, Beijing has replaced temporary residence permits with residence permits and the NDRC further regulated the carbon market

This week the $43B Sino-Swiss deal received U.S. regulatory approval, proposed emissions rules dampened China's auto profit outlook, the Hong Kong stock exchange's attempts to lure tech firms were discussed and Apple announced a new R&D center

The CSRC has encouraged fund management subsidiaries to invest in PE and has set stricter rules for capital-guaranteed funds, and the MIIT has proposed higher requirements for alternative energy vehicle manufacturers

This week foreign organizations asked Premier Li to amend data rules, Hong Kong and Shenzhen officials geared up for the link's launch this year and China was urged to reduce its excessive credit reliance