Legal

Blockchain and cryptocurrencies are often discussed in the same breath, but China is keen to differentiate the two

Shanghai FTZ allows foreign arbitration institutions to establish offices in its Lingang New Area, foreign investors will be allowed a majority shareholding in securities companies in 2020 and business restrictions on factoring enterprises are made clearer.

FIL implementing rules address the VIE structure concerns

Responsibilities are clearly defined for different parties in construction surveying

Alipay allows foreign visitors to use its mobile payments platform; CSRC scraps two-year profit requirement for ChiNext private placements; and MSCI completes plan to increase A share weighting in key benchmark

Draft of the implementing regulations for the Foreign Investment Law has addressed the VIE structure concerns, final industrial adjustment catalogue no longer eliminates virtual currency mining and food safety liability can be pursued down to the responsible persons.

PBOC has tightened control on banks' wealth management business

The State Council has lifted investment restrictions on foreign insurance companies

Amendments to the PRC Land Administration Law are likely to have a significant effect on the entry on to the market of rural collectively-owned profit-oriented construction land. Deng Furong of Zhong Lun Law Firm examines the implications for this high-profile sector of the Chinese economy.