Legislation roundup: FDI, banks, R&D tax and Shanghai housing

July 05, 2018 | BY

Susan Mok

FTZ negative list is revised, establishment of financial asset investment companies is specified, commissioned offshore R&D expenses may be super-deducted and enterprises are restricted from purchasing housing in Shanghai.

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FDI 国家发展和改革委员会、商务部自由贸易试验区外商投资准入特别管理措施 (负面清单) (2018年版)
  1. It abolishes the restriction that limits the smelting and separation of rare earths to equity and cooperative joint ventures.
  2. It abolishes the requirement that the Chinese party have a