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

May 26, 2019 | BY

Marilyn Romero

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.

Integrated circuitry, software firms get more tax incentives

The Ministry of Finance and State Taxation Administration announced recently that the country's integrated circuit design and software enterprises will get more