China releases regulations to improve business environment and equalize market treatment; China leads the world in number of mega-startups, report finds; and cryptography law passes ahead of digital currency roll-out
Lauded as a game-changer for the industry, the new interim measures arrangement between mainland China and Hong Kong courts has scored its first success just days after it came into effect.
China will set up a punitive damages system for intellectual property infringements, non-tax-resident enterprises may enjoy treatment available under agreements by self-determination and Shanghai-Hong Kong Stock Connect includes stocks with weighted voting rights.
Restrictions on foreign banks, insurers lifted with immediate effect; China tops U.N. global survey for IP protection activity; and leading government agencies and companies launch nationwide blockchain services network
The State Council has lifted investment restrictions on foreign banks and insurance companies while the People's Bank of China has tightened control on banks' wealth management business.
