Against the backdrop of ongoing US trade negotiations, the CBIRC says it will introduce 12 new measures that could significantly open up its banking and insurance sectors to foreign investment.
For the second year, Chinese FDI into the U.S. falls; The CBIRC releases 12 new measures planned to ease foreign banks and insurers' investments; and Tencent's PlayerUnknown's Battlegrounds game fails to get China licence.
A new law in January should boost China's cross-border e-commerce, but rules now introduced by SAFE also reflect concerns about controlling capital outflows.
Government investment should focus on non-profit public projects, measure of damages for patent infringement may be calculated in parts and the system for suspension of the listing and trading of securities may be abolished.
MOFCOM will release a shortened negative list for foreign investment in the first half; SAFE requires local registration for cross-border online transactions; and shareholders can sue to prevent harmful transactions.
People's court allows share transfer to resolve shareholder disputes, government officials may not require technology transfers in granting administrative permissions and technical investigators may be assigned in IP litigation cases.
