The CBRC has prohibited investors from controlling more than one bank and has imposed stricter liquidity risk thresholds, and Sino-foreign oil and gas CJVs have been exempted from mining royalties
The SAT has clarified the scope of R&D tax super-deductibles, and the NDRC has required record filing for project consulting firms and cost reviews for natural monopolies
The Anti-unfair Competition Law has clarified corporate liability for employee misconduct, the NDRC has proposed simplified outbound approval procedures, and auto loan ratios have been raised for alternative energy vehicles
Shenzhen has permitted JVs and WFOEs for QFLP management firms and the CAC has required internet news providers to conduct security assessments for new technology
The year's must-attend event for in-house legal counsel in the region, hosted by The American Lawyer and Legal Week at the One Farrer Hotel & Spa on Nov. 23
The “Permit and License Dissociation” reform has been expanded to the other 10 FTZs, the CSRC has tightened disclosure requirements on listed company M&A, the PBOC has set standards for sovereign bond underwriting syndicates, and Shanghai has offered incentives for foreign R&D centers
CIETAC has issued its first rules on international investment disputes, the CAC has tightened social media controls, LLPs have been added to accounting firm regulations, and the PBOC has issued two policy revisions to limit renminbi depreciation
The State Council has specified exit mechanisms for VC funds, authorities have jointly cracked down on virtual currency trading, and the PBOC has banned banks from issuing long-term interbank negotiable certificates of deposit
The SPC has clarified that shareholders can be held liable for divulging trade secrets, and the State Council has restricted outbound deals in real estate and hotel industries and substantially raised the threshold for establishing financing security companies
The CBRC has permitted banks to set up institutions that carry out debt-for-equity swaps, the State Council has made environmental impact assessment procedures simpler for construction projects, and Beijing has launched joint government and buyer-owned housing