MOFCOM's decision to block the P3 alliance has confirmed the complex nature of merger control in China. Parties need to prepare more for filing in China than in other jurisdictions and have a Plan B in place
The CSRC has defined qualified investors of private funds, the Supreme People's Court has amended the law on patent disputes and the CBRC has set guidelines for wealth management businesses
This week a construction company was bailed out at the last minute, the dangers of too many IPO bookrunners was discussed and a food supplier got shut down as a food scandal hit Yum Brands and McDonald's
SAFE has broadened the meaning of special purpose vehicles, the CSRC has abolished examination approval requirements for listed companies' material asset restructurings and takeover offers
This week Hony Capital bought PizzaExpress for US$1.54 billion, China Mobile, China Unicom and China Telecom established a tower company and the WTO said the US broke its rules in imposing duties on Chinese exports
The CSRC has clarified delisting rules and the CBRC has explained the calculation of loan-to-deposit ratios of commercial banks. Insurance companies have also been invited to join the senior housing reverse mortgage endowment pilot project
This week the tax authorities tightened disclosure rules for Chinese companies with overseas assets, the renminbi over-the-counter exchange rate was liberalised and BAIC Motor filed for a US$2 billion IPO in Hong Kong
The CSRC has simplified M&A and asset restructurings of unlisted public companies and the PBOC has reduced conditions for banks' settling and selling foreign exchange
This week Swiss companies enjoyed tariff cuts in China, the Supreme People's Court bolstered its Environmental and Resources Tribunal and Hugo Boss followed luxury group trends in direct store ownership
This week MOFCOM simplified FIE capital requirements, the US-China Economic and Security Commission published a paper on VIEs and Best Buy considered sale or partnership options