Baker McKenzie and FenXun Partners discuss the impact of the new Foreign Investment Law on the repeal of FIE laws on existing FIEs, as well as the implications of other important provisions for foreign investors and FIEs in future.
MOFCOM's new Unreliable Entity List is mooted as possible trade war retaliatory tool; Ford's China JV hit with $23.6 million antitrust fine; PBOC may scrap its official benchmark lending rates; and SAFE says overseas digital finance firms must have local permits.
China's internet regulator releases a draft of data protection law for public consultation; regulators take over Baoshang Bank due to serious credit risk exposure; and CSRC vice chair Yan Qingmin pushes for tougher penalties.
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.
The People's Bank of China and State Administration of Foreign Exchange have issued draft rules that will allow foreign investors to switch bond investments between China's foreign investment channels.
Central banks is expected to increase easing measures in the financial sector; Industry regulator calls for P2P lenders to register and consolidate; and trade war with the U.S. may cause delay of China's planned property tax legislation.
