The CBIRC will tighten regulations on China’s cash management products; increased government oversight of Chinese schooling has hit the share price of several Hong Kong-listed tutoring companies; and China’s State Council plans to adopt more fiscal, and tax- and tariff-reduction measures to maintain stability in its international trade.
China has released a new negative list with fewer sectors off limits to foreign investment; Hong Kong’ regulators will now have access to Chinese companies’ audit records; and foreign ownership caps on Chinese financial firms will be lifted by 2020.
At the Global CEO Council meeting in Beijing, Premier Li Keqiang and global business leaders renewed their vows to work together to build China's economy, despite gathering clouds in the U.S.-China trade war.
Baker McKenzie and FenXun Partners discuss the impact of the new Foreign Investment Law on the repeal of FIE laws on existing FIEs, as well as the implications of other important provisions for foreign investors and FIEs in future.
Troy Rice of SIPS Hong Kong discusses the implications for foreign IP owners of the recent changes to foreign investment, cross-border tech transfer, and trade secrets laws, as well as cross-border agreement drafting considerations in light of these developments.
Against the backdrop of ongoing US trade negotiations, the CBIRC says it will introduce 12 new measures that could significantly open up its banking and insurance sectors to foreign investment.
