China Law News

Foreign shareholding in securities firms relaxed, foreign investment in futures companies allowed and online defamation of historical Chinese heroes banned

China allows CDRs, tax breaks only require retention of documentation, and curbs are imposed on large exposures of banks

Social insurance reductions will continue, and a pool of foreign-related legal talent and the Shanghai Financial Court are established.

Criteria for unmanned aircraft permits set out, securitization of housing lease assets promoted in certain areas, and calculation of environmental tax clarified.

Outbound IPR transfers require a review, only financial institutions may engage in online asset management sales, and non-criminal personal data divulgence may be fined.

China opens up its futures market and third-party payment market, as well as allowing a foreign controlling interest in securities JVs.

Foreign partners may enjoy tax agreement benefits, insurance company-backed foreign loans should comply with outbound investment policy and establishment procedures for insurance companies are streamlined.

Income tax burdens have been eased for foreign investors, tax credit policy has been revised to align with outbound investment needs, and the calculation method for environmental tax has been clarified

SAFE has required offshore loans to comply with outbound investment policy, roundabout wealth management activities have been suppressed, and Guangdong has broadened the business scope for Hong Kong/Macao law firms