The SAT has streamlined tax accounting for VC investment and clarified tax deductibles for technology transfers, and the NDRC has simplified approvals for enterprise bond issuances
The IMF accepted the renminbi as a reserve currency, the Ministry of Finance signed an MOU with the IFRS Foundation and the China-Africa Joint Arbitration Centre was launched
The use of housing reserve funds to purchase bonds has been permitted, the CSRC has clarified disclosure requirements for listed companies' annual reports and the State Council has encouraged the development of consumer-based industries
This week the CSRC approved the Shenzhen and Shanghai listings of 10 companies, authorities busted the country's largest underground bank and a study ranked China as the top emerging market for clean energy investment
The PBOC and regulators have enhanced currency convertibility in the Shanghai FTZ, permitted the selling of funds between the mainland and Hong Kong and defined the categories of financial enterprises
This week the IMF supported making the renminbi a reserve currency, the deputy head of the CSRC was suspected of corruption, Dali Foods' IPO raised $1.5 billion and China clamped down on DVD imports
New rules expand tax super-deductions to all R&D-related expenses including outsourcing fees and simplify guidelines with a negative list. Companies no longer need approval and can expect fewer negotiations with authorities
Online apps including Weibo and WeChat have been regulated for copyright and the CSRC has abolished prepayments for IPOs and increased disclosure requirements for issuers and underwriters
This week JD.com requested the SAIC to investigate Alibaba for pressuring vendors, internet companies like Baidu, Huawei and Sina were listed for data violations and R&D centers were allowed to seek drug approvals
