Legal

David Liu and Tianxiao Jin of FuJae Partners examine the major amendments to the Individual Income Tax Law, its Implementing Regulations and new supplemental tax circulars, and their impact on expatriate taxpayers

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

Authorities have shut down batches of P2P platforms as defaults mount. A full regulatory review is expected to complete by end of March.

CNIPA defines irregular trademark application

Blockchain information services will be subject to record filing

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.

Zhuhai allows foreign PE firms to raise funds in China

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