China Law News

• In the News: Canada Ejects Three Chinese Companies; CFIUS Enforcement and Penalty Guidelines; and First Metaverse IPO

  Three Chinese companies ordered out of Canada's lithium industry; CFIUS publishes first-ever enforcement and penalty guidelines; and China's metaverse IPO starts in Hong Kong.

  November 09, 2022

  

• Legislation roundup: Encouraged Catalogue, intelligent connected vehicles and private pensions

  The 2022 Encouraged Catalogue encourages foreign investment in the shipping sector. A draft circular sets forth the insurance and road safety matters of intelligent connected vehicles. CSRC specifies the types of public funds that a private pension may invest in.

  November 07, 2022

• Legislation roundup: FIE listing, fintech and smartphones

  China will support foreign-invested enterprises to list domestically. CBIRC issues guidelines for protecting personal information when applying fintech. Pre-installed applications on smartphones need to comply with personal information collection requirements.

  October 28, 2022

• In the News: CSRC to Exempt Foreign Investors Investment Rule; Foshan Govt Vastly Increases Overseas IP Subsidies; and Regulators Approve JV for BNP Paribas and ABC

  CSRC plans to exempt foreign investors from short-term profit rules; Foshan Government vastly increases financial support for overseas IP protection; BNP Paribas gains regulatory approval from CBIRC for wealth management joint venture with Agricultural Bank of China.

  October 27, 2022

  

• Legislation roundup: Group finance companies, enterprise deposits and share buyback

  CBIRC allows multinationals to set up their own group finance companies. Payments of project quality deposits are allowed to be deferred. CSRC eases share buyback criteria for listed companies

  October 21, 2022

• In the News: Dual Circulation Policy; Administrative Fine For Data Security Failings; and Crypto Crackdown

  Chinese policy commits to dual circulation; First DSL enforcement action; Crackdown on illegal cryptocurrency exchange, OKX

  October 19, 2022

  

• Legislation roundup: Tourism, elderly care, R&D tax deduction and relaxed housing tax policy

  State Council relaxes foreign investment in outbound tourism and elderly care. Companies are allowed 100% super tax deduction in investment in non-profit R&D institutions. Tax policy is eased for residents exchanging for new apartments.

  October 14, 2022

• In the News: U.S. Action on Chinese Tech Firms; Chip Export Restrictions; and Tim Hortons Secures China SPAC Merger

  The U.S. Department of Defense imposes further sanctions on Chinese tech firms; Chinese chip companies denied access to U.S. technologies; Tim Hortons China secures a SPAC merger.

  October 12, 2022

  

• Legislation roundup: R&D tax deduction, property loans and commercial banks

  High-tech companies are allowed 100% super tax deduction. China lifts property loan restrictions and allows cities to adjust the rates. CBIRC revises regulations to achieve equal treatment of domestic and foreign bank investment.

  September 30, 2022

• In the News: CFIUS Guidance; RMB X-Factor; and Blockchain Patent Applications

  Guidance for CFIUS assessments; Possibility of PBOC intervention against falling RMB; China leads in blockchain patent applications

  September 30, 2022