Full Text Translation

Establishment of representative offices of foreign insurance institutions made easier

Establishment procedures for foreign-invested insurance companies streamlined.

Reductions in social insurance premiums continue.

Tax incentives are given to promote the IC industry

The calculation method for environmental tax has been clarified

China opens up its futures market

Foreign investors allowed controlling shareholdings in securities companies

Security provision by insurance companies is restricted to prevent illegal asset transfers.

Tax credit policy has been revised to align with outbound investment needs.

Substantive business activities required for beneficial owner status