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.
Concessions from both sides in limited China-U.S. phase one trade deal; Chinese tech firms and security bureaus blacklisted over human rights accusations; and caps on foreign fund managers in China to be removed in April
China's national security review regime has largely flown under the radar since it was introduced in 2011. But a recent case involving a foreign-invested supermarket chain, the first since a revamp of the regime's regulatory structure elevated the role of China's powerful central planning agency, has put national security in the spotlight once again.
Private investment is encouraged in online education, responsibilities are well defined for different parties in construction surveying and a new type of R&D institution is allowed.
