In the News: Tax Incentives for IC Companies; Corruption Probe for Ex-CSRC Boss; and Scrutiny for Private Equity Funds

New tax incentives are issued for Chinese software and integrated circuitry companies, as international companies withdraw from Huawei's supply chain under U.S. pressure; former head of the CSRC, Liu Shiyu, is facing a likely corruption investigation; and China's private equity sector comes under CSRC scrutiny, with warnings issued to several firms.