The new national property registration system aims to streamline processes and provide a unified database, but it is hampered by the lack of clarity in the implementing rules, which may make the transition difficult
This week the SAT has clarified enterprise income tax rules for overseas affiliates and industries in Western China. The Implementing Rules for the national property registration system have also been released
This week Yahoo! laid off about 300 employees as it closed its China office, experts urged legislators to draft a trade secret law, China propelled its seed industry and task forces were assembled to enforce the Environmental Protection Law
The 2015 Foreign Investment Industrial Guidance Catalogue has been released, the CBRC has made obtaining loans for M&A easier and the revised PRC Legislation Law has clarified the regulation of taxes
This week China's bank security rules worried foreign tech companies, CCTV reprimanded foreign automakers on Consumer Protection Day, Procter & Gamble's Crest was fined Rmb6 million for false advertising and an environment tax plan was set in motion
The SAIC has enhanced consumer rights to compensation, the CIRC has required reinsurance businesses to register and Guangdong has issued a negative list for domestic investment projects
This week foreign non-profit groups in China faced increased pressure, foreign banks tightened lending to state-owned enterprises and Hong Kong's trading linkup with Shenzhen was confirmed for later this year
The State Council has enhanced disclosure for government procurement projects, SAFE has relaxed FX control for FDI and the CIRC has required insurance asset management businesses to assign risk
This week the ACFTU vice-chairman warned of foreign forces in China's labour movement, the NPC considered a draft amendment to the PRC Legislation Law and the SPC published a judicial interpretation on act preservation measures in IP and competition issues
MOFCOM has clarified case name requirements for anti-monopoly filings and SAT has imposed tax on indirect transfers of Chinese property by non-tax-resident enterprises