China Law News

This week the PRC Anti-terrorism Law was approved to take effect on January 1, the NDRC fined foreign shipping firms $62 million for price fixing and regulators made progress towards adopting a registration system for IPOs

The PRC Anti-terrorism Law will take effect on January 1, the interbank foreign exchange trading hours have been extended and the PBOC has created three types of bank accounts for individuals

Income derived from the Mainland-Hong Kong Mutual Recognition of Funds will be taxed, the State Council will establish a License of Right system for patents and citizens can apply for residence permits after living in a city for 6 months

The SAT has granted further tax breaks for technology transfers including non-exclusive licensing, but MNCs aren't likely to take the chance of disclosing their IP in China

The PBOC will expand the use of renminbi in the FTZs and the SFDA has specified serious violations in its draft implementing rules of the Food Safety Law

This week the Shell-BG merger received its final regulatory approval in China, Alibaba bought the Hong Kong newspaper for $266 million, an environmental group filed a case against VW and China's two largest shipping SOEs combined

A registration system will replace approvals for Shanghai and Shenzhen listings in two years, a draft Patent Law has increased penalties for infringement and the SAIC has stressed the liability of e-commerce platforms for consumer compensation

This week a Chinese pharma group bought Healthe Care Australia, Tencent and Glu Mobile worked on westernizing a hit shooting game and Danone sold its Dumex China unit to Yashili

Practitioners highlight the importance of advance preparation for litigation and arbitration, as well as a careful approach to IP, as data risks grow