China has issued two new tax rules affecting non-resident individuals who arrange their affairs through offshore trusts. Daisy Duan, Xiaohong Chen and Chixiang Gao of King & Wood focus on the scope and impact of these important rules
China applies a 20% individual income tax to dividends earned by foreign individuals from foreign enterprises | Beijing’s first ever criminal trial over AI model damage results in imprisonment | Lawyers explain how China’s new outbound investment rules make Hong Kong less appealing
State Taxation Administration trains local officers and drafts guidelines to resolve confusion over new offshore trust taxation | EU’s new packaging rules create headache for Chinese exporters | Deutsche Bank authorized as renminbi clearing bank amid internationalization push
Crypto platforms offer investors Chinese AI stock exposure, circumventing Chinese restrictions | Hong Kong bourse to permit confidential filings in biggest reforms since 2018 | China releases mandatory national standards for Level 3 and Level 4 autonomous driving systems
First Chinese judgment rejects foreign sanctions on Chinese party as defense for contract breach | Chinese tax-residents must pay income tax on gains of assets transferred to offshore trusts | Three major Chinese banks issue first loans using interbank repo rates as a pricing benchmark
Chinese financial regulator to take over Zhongbang Bank due to severe credit risks | U.S. companies adopt Chinese AI and China considers restrictions | CNIPA maintains validity of first virtual digital human patent, clarifying inventiveness standards for AI model training
Chinese regulator rejects patent re-examination application involving AI content | Sweeping cybersecurity rules for banks and insurers on protecting financial infrastructure | Supreme People's Procuratorate proposes treating privacy coin use as evidence of money laundering intent
Chinese Wingtech sues Dutch subsidiary chipmaker Nexperia under Anti-Foreign Sanctions Law | Hong Kong instructs banks to tighten scrutiny of mainland Chinese investment accounts | European Commission proposes supply chain diversification rules in sensitive sectors.
New law extends Beijing’s powers to restrict cross-border dealmaking, hindering biotech deals | Foreign fashion brands could run afoul of China's new supply chain security law | EU scrutinizes Chinese investments in Ferretti and JD.com deals
UK and China rule differently on same FRAND licensing case between Samsung and ZTE. | First application of China's recent regulations countering extraterritorial jurisdiction bars Chinese entities from assisting EU anti-subsidy investigation. | Euroclear’s plan to participate in Bond Connect helps China’s push for renminbi internalization.
