In the news: OSI fined in food safety scandal, SPC said to launch platform to aid enforcement and QFII rules relaxed

This week the McDonald's and Yum supplier was fined Rmb2.4 million, the Supreme People's Court will build an online platform to track punishments, SAFE relaxed QFII restrictions, Apple Pay was launched in China and the CFDA ended its AliHealth partnership

4 minute readFebruary 17, 2016 at 11:40 PM

Katherine Jo

& clp articles

OSI Group fined Rmb2.4 million in food safety scandal The 2015 version of the PRC Food Safety Law has increased penalties by up to 10 times and requires producers and traders to establish food traceability systems, which are widely used in France and the U.S. But it didn't provide clarity on the required standards, so practitioners hope the draft Implementing Regulations will contain specifics on supervision criteria and “serious” violations to deter incidents like this.

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