MOFCOM will release a shortened negative list for foreign investment in the first half; SAFE requires local registration for cross-border online transactions; and shareholders can sue to prevent harmful transactions.
Heng An Standard Life Insurance becomes the first foreign-invested pensions insurer to win CBIRC approval; Shanghai announces plans for more corporate tax cuts this year; and China mulls closure of virtual currency mining outfits.
China's policy makers have boosted efforts to tackle unfair competition in recent months, but foreign companies remain skeptical of whether policy and legislation will actually translate into practice.
The National People's Congress approves a new comprehensive Foreign Investment Law; China plans to streamline trademark registrations; IP lawsuits soar in China for a second year, and Macao comes under pressure to improve its gaming regulations.
Daisy Duan, partner, and Linlin Cao, senior associate, at King & Wood Mallesons examine the expanded scope of new regulations on tax deferral for qualified foreign investments in the PRC and also compare the differences between the old and new requirements