China Law News

This week the NDRC fined Qualcomm for AML violations, fake online accounts were banned, the SEC and Big Four reached a settlement over audits and the carbon trading market's lack of clarity was discussed

The SPC has issued a judicial interpretation of the Civil Procedure Law, the thresholds for special tax treatment for acquisitions have been lowered and the CIRC has relaxed foreign exchange insurance market rules

This week new cybersecurity rules upset foreign tech companies, SIPO issued its draft Patent Administrative Enforcement rules, Tencent signed a five-year deal with the NBA, the SPC released guidelines for the IP courts' technical investigation officers and Taobao's spat with the SAIC was discussed

The SPC has established circuit courts in Guangdong and Liaoning provinces, the PBOC has permitted banks to open renminbi accounts remotely and the CBRC has clarified restrictions on entrusted loans

This week GlaxoSmithKline's China operations faced internal reorganisation, the CBRC began restructuring to regulate trusts and the PBOC picked companies like Alibaba to prepare credit reporting operations

MOFCOM has issued guidelines aimed at clarifying conditions for mergers. But the new rules fail to address the biggest challenge for companies: behavioural remedies

MOFCOM has issued a draft of the PRC Foreign Investment Law, the CSRC opened up corporate bond trading and SAFE simplified FX conversion of offshore listing proceeds

SoftBank and Alibaba financed taxi-hailing app Kuaidi Dache, Johnson & Johnson and Tesla's China businesses were analysed, SOE audits and inspections were enhanced and a startup investment fund was set up

SAFE has eased market access for foreign exchange, employee termination requirements have been heightened and the Shanghai FTZ has launched a pilot project for the parallel import of automobiles