China Law News

This week the State Council encouraged local governments to invest in startups, a Rmb350 billion fund for restructuring SOEs was established and Dalian Wanda partnered with Sony Pictures to finance and market movies

The NDRC has drafted a revised FDI catalogue for central and western China, the Shanghai FTZ has opened the renminbi bond market and e-data has been permitted to be frozen for investigations

The NPC and MOFCOM have expanded the record filing regime for FIEs nationwide, and the CSRC has clarified definitions of changes in control of listed companies

The PBOC and SAFE have tied RQFIIs' investment limits to their AUM, the CIRC has tightened its grip over personal insurance products and public donation postings have been required to be certified

This week world leaders agreed on global trade and climate change policies, and China announced seven new free trade zones, reviewed Didi and Uber's merger, and got serious with bad debt

The cyberspace authority sets qualification requirements, places onus of authenticating users on app companies. 网络主管部门制定资质要求，公司承担用户身份认证责任。

The SAT has clarified VAT will not be levied on purely offshore activities, the CIRC has proposed curbs on risky investments by insurance companies and MOFCOM has abolished its approval requirements for processing trade

The first online lending regulation was issued to curb shadow banking risks, the rise of digital wallets threatened banks' access to big data and local governments' plans for the flailing coal and steel industry were discussed

The first law on online lending has been issued, Beijing has replaced temporary residence permits with residence permits and the NDRC further regulated the carbon market