China Law News

• The changing game for corporate counsel

  General counsel from DSM, Eli Lilly and State Street Bank in China explain how the role of in-house lawyers have become far broader now even as they work in specialized, highly-regulated and fast-paced industries

  December 04, 2015

  

• Legislation roundup: Venture capital, technology transfer tax and enterprise bonds

  The SAT has streamlined tax accounting for VC investment and clarified tax deductibles for technology transfers, and the NDRC has simplified approvals for enterprise bond issuances

  December 03, 2015

• Decoded: The nuances of anti-corruption in China

  Daimler, Cabot and Kroll unravel the complexities of compliance in the country, with in-house counsel pointing to the best ways forward

  December 02, 2015

• In the news: RMB joins the IMF club, Chinese accounting aligns with IFRS and China boosts legal ties with Africa

  The IMF accepted the renminbi as a reserve currency, the Ministry of Finance signed an MOU with the IFRS Foundation and the China-Africa Joint Arbitration Centre was launched

  December 01, 2015

  

• Legislation roundup: Housing reserve, annual reports and consumer retail

  The use of housing reserve funds to purchase bonds has been permitted, the CSRC has clarified disclosure requirements for listed companies' annual reports and the State Council has encouraged the development of consumer-based industries

  November 26, 2015

• In the news: CSRC restarts IPOs, China cracks $64 billion underground bank and ranks top for clean energy investment

  This week the CSRC approved the Shenzhen and Shanghai listings of 10 companies, authorities busted the country's largest underground bank and a study ranked China as the top emerging market for clean energy investment

  November 25, 2015

  

• Legislation roundup: FX in Shanghai, HK-China fund offerings and financial industry

  The PBOC and regulators have enhanced currency convertibility in the Shanghai FTZ, permitted the selling of funds between the mainland and Hong Kong and defined the categories of financial enterprises

  November 18, 2015

• In the news: RMB gets nod from IMF, CSRC vice-chairman gets investigated, Dali Foods lists in HK and foreign video imports face limits

  This week the IMF supported making the renminbi a reserve currency, the deputy head of the CSRC was suspected of corruption, Dali Foods' IPO raised $1.5 billion and China clamped down on DVD imports

  November 17, 2015

  

• R&D tax breaks ease corporate burdens

  New rules expand tax super-deductions to all R&D-related expenses including outsourcing fees and simplify guidelines with a negative list. Companies no longer need approval and can expect fewer negotiations with authorities

  November 17, 2015

  

• Legislation roundup: Internet copyright and IPO resumption

  Online apps including Weibo and WeChat have been regulated for copyright and the CSRC has abolished prepayments for IPOs and increased disclosure requirements for issuers and underwriters

  November 12, 2015