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
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.
