China adopts new rules for patent agencies; new CSRC boss Yi Huiman warns of market risks; and the government is urged to relax rules on ride-hailing driver services.
Registered capital requirement for futures companies is raised, usable area shall be adopted for sale of residential housing and marital or maternity status may not be asked when hiring female employees
China's State Council will soon be regulating gene editing and biotechnologies; in a major sting on illegal P2P lenders, Chinese authorities netted Rmb10 billion in assets and arrested 62 people from 16 countries; and Chinese regulators increase the pressure on banks to boost lending to SMEs.
Anti-money laundering and anti-terrorist financing is targeted at funding of new financial institutions, securities fund trading is required to be conducted through securities companies and CSRC regulates manager of manager products
Daisy Duan, partner, and Linlin Cao, senior associate, at King & Wood Mallesons examine the expanded scope of new regulations on tax deferral for qualified foreign investments in the PRC and also compare the differences between the old and new requirements