The CSRC has agreed its first administrative settlement with Goldman Sachs and Gao Hua Securities; seven themed funds were approved for Shanghai's new Sci-Tech Board; and the National People's Congress is reviewing measures to tighten up the production and sale of drugs.
Trademark Law is revised adding bad faith registration provisions, the scope of trade secret infringement is broadened and Chinese law firms are required to carry out record filing for overseas expansion.
Ericsson faces investigation over its intellectual property licensing practices; investors in CDRs of innovative enterprises will enjoy a three-year tax break on profits; and China issues a new rule to improve the supervision of elderly care services.
Shanghai FTZ allows an increase in plot ratio of land, guidelines on articles of association are revised to accommodate special voting rights and foreign accounting firms are required to make filings for auditing of bond offerings.
