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.
CAC lists the conditions when a cybersecurity review is required, push advertising should offer online users the option to refuse receipt of information, and economic and technology development zones will allow approvals with minor filing lapses.
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.
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.
Insurance companies are required to compute the minimum capital for perpetual bond investments, Guangdong adopts market rules in granting of island use rights and formulation of judicial interpretations may solicit public comments.
For the second year, Chinese FDI into the U.S. falls; The CBIRC releases 12 new measures planned to ease foreign banks and insurers' investments; and Tencent's PlayerUnknown's Battlegrounds game fails to get China licence.
Government investment should focus on non-profit public projects, measure of damages for patent infringement may be calculated in parts and the system for suspension of the listing and trading of securities may be abolished.
MOFCOM will release a shortened negative list for foreign investment in the first half; SAFE requires local registration for cross-border online transactions; and shareholders can sue to prevent harmful transactions.
People's court allows share transfer to resolve shareholder disputes, government officials may not require technology transfers in granting administrative permissions and technical investigators may be assigned in IP litigation cases.
