China Law News

SEC and DOJ actions in 2016 show that the PRC market topped the charts for Foreign Corrupt Practices Act enforcement

SAFE has further facilitated MNCs' FX fund management, the CAC has enhanced security reviews of online products and the NDRC has promoted AI and new energy vehicles as strategic emerging industries

The CIRC has enhanced scrutiny over insurances companies' investments in shares, the State Council has extended producers' environmental liability and SOEs have been encouraged to engage foreign intermediaries for overseas projects

The NDRC has relaxed foreign-invested project approvals, the MIIT has tightened controls for apps on smart devices and for-profit private schools have been subject to separate administration

President Xi Jinping defended globalization at the World Economic Forum, AmCham China survey results displayed an uncertain bilateral outlook and the central bank inspected leading bitcoin exchanges

AMAC has clarified the record filing process for foreign PE fund managers, the State Council has pledged equal treatment for FIEs and asset managers have been imposed VAT burdens

Cross-border cash transfer reporting thresholds were lowered, GM was penalized for antitrust violations, the CAC expanded the scope of CII and Meizu agreed to pay Qualcomm licensing fees

The PRC Environmental Protection Tax Law has been issued, the CAC has elaborated on the definition of “critical information infrastructure” and the PBOC has revised the reporting threshold for large transactions

The State Council has issued rules to ensure proper record filing implementation, P2P platforms have been required to disclose more information and the Ministry of Culture has tightened scrutiny over online performances