Foreign Direct Investment

China, U.S. agree terms of limited phase one trade deal; draft implementing regulations for foreign investment law approved; and draft law published on promoting China's cultural industry

China will set up a punitive damages system for intellectual property infringements

Non-investment type FIEs are allowed to use their investment capital in equity investment

China shortens and simplifies market entry negative list; Chinese private firms prefer China over U.S. for IPOs, survey finds; Shanghai-Frankfurt stock connect to be launched; and inbound FDI increases with FTZs enjoying significant growth

Investment access of foreign banks is relaxed

FIL implementing rules address the VIE structure concerns

The State Council has lifted investment restrictions on foreign insurance companies

Heilongjiang FTZ builds ties with Russia

Yunnan FTZ proposes innovative frontier and cross-border economic cooperation