Aggregate income is applied to individual income tax, foreign companies may use the word “China” in its names and four industries will be opened for power deregulation.
The negative list for foreign investment is relaxed, foreigners are encouraged to invest in the A-share market and insurance companies are required to include independent directors.
FTZ negative list is revised, establishment of financial asset investment companies is specified, commissioned offshore R&D expenses may be super-deducted and enterprises are restricted from purchasing housing in Shanghai.
Tax breaks are offered to equipment purchase and employee education expenses, and a “T+0 redemption and withdrawal” limit is set for money market funds
Unauthorized Apps may not access financial credit information, Hainan FTZ will be established and persons may be deprived of their civil rights as a result of capital market breaches.
Foreign shareholding in securities firms relaxed, foreign investment in futures companies allowed and online defamation of historical Chinese heroes banned
Criteria for unmanned aircraft permits set out, securitization of housing lease assets promoted in certain areas, and calculation of environmental tax clarified.