Institutional investors are encouraged to participate in corporate governance, business premises may be inspected for cybersecurity purposes and Beijing Municipality prohibits construction of new residential housing
China lowers import tariffs on MFN taxable items; Hainan province launches a blockchain research center in collaboration with the University College Oxford; and the State Council raises export tax rebate rate to stimulate trade.
The scope of tax deferral is expanded for foreign investors, offering of bonds by foreign institutions requires approval and foreign programs may not be broadcast in prime time.
China released a White Paper defending its position in the U.S.-China trade friction, which aimed to clarify facts on the bilateral economic and trade relations; Draft Atomic Energy Law aims to strengthen and promote Chinese nuclear firms in the international market.
Contracting parties will need to recover used items, company law revision offers a broader scope for corporate share buybacks and investment of private capital in the nuclear fuel cycle industry is encouraged
The 12th annual China Law & Practice Awards 2018 held at The St Regis, Beijing on September 13 celebrated the achievements of the best legal minds in China, where the biggest deals were recognized, and the best law firms were named.
The Supreme People's Court just issued new judicial interpretation guidelines incorporating core socialist values; New laws regulating medical disputes prevention and treatment; and China seeks to improve the authenticity of its statistical data to support better policy-making.
China internet courts recognize blockchain technology as a means of electronic evidence storage, Shanghai-London Stock Connect comes closer to launch and Beijing Municipality encourages co-owned housing.
China launches its second Internet Court in Beijing to keep in pace with growing internet-related disputes; while the Supreme People's Court just announced the admissibility of evidence using blockchain technology.
