In the News: Foreign Investment Law, RRR Cuts and IP Appeals Court
January 08, 2019 | BY
Jacelyn JohnsonA new draft law prohibits forced tech transfer; PBOC cuts bank reserve to release liquidity; and a new IP court tackles appeal cases.
Draft Foreign Investment Law Stipulates Foreign IP Protection
China's draft of a Foreign Investment Law, which was recently reviewed by the legislature and released for public comments, will ensure foreign investors enjoy equal treatment as their domestic counterparts, except in those areas specified in the negative list.
The final draft, which contains 39 articles, if comes into force, will prohibit local government from forcing foreign businesses to transfer technology or illegally restricting their market access. The draft law also stipulates that foreign businesses' intellectual property will be protected, and their profits can be freely transferred out of the country.
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