CSRC takes measures to prevent insider trading in M&A deals; tax reductions for private businesses in Shenzhen rose 10.2% year on year; and China's commercial real estate market grows 50% year on year in investments from foreign investors.
China's newly published Draft Foreign Investment Law has garnered attention. The Draft proposes further protection of foreign investment in China as well as a more streamlined market access system. Jeanette Chan and Betty Yap, partners, Hans-Günther Herrmann, counsel and Rui Bu, China associate of Paul, Weiss, Rifkind, Wharton & Garrison LLP discuss the potential impact of the newly minted draft law.
Venture capital firm partners may pay tax on an investment fund basis, Hong Kong and Macao law firms are allowed cooperation throughout China, and mainland China and Hong Kong/Macao make progress in reciprocal enforcement of judgments
The auto purchase tax rate remains the same
China sets establishment requirements for movie theater chains
Improved cooperation in judicial assistance over civil and commercial matters between courts in the Chinese mainland and Hong Kong; chambers of commerce to play a bigger role in resolving economic disputes in the private sector; and national database enforces court orders more quickly.
Yan Wang, Xiaowei Wei and Rui Luo, partners at Han Kun Law Offices share with China Law & Practice the unique system of China's patent legislation, and how the open-door policy has influenced China's IP policies to match that of international standards, and how the newly drafted patent legislation will set China up for a successful run in being an IP hub
Chinese economic growth hits 28-year low; report reveals China's plan to eliminate trade deficit in six years; and Shenzhen launched a new bankruptcy court.
Eleven pilot cities will carry out centralized procurement of pharmaceuticals, Shanghai sets up a mechanism for model securities dispute judgments and Zhuhai allows foreign PE firms to raise funds in China
Foreign partners may enjoy tax agreement benefits
