Legal

QDIIs restricted from purchasing foreign exchange

Establishment procedures for foreign-invested insurance companies streamlined.

State planning to open up Hainan

Reductions in social insurance premiums continue.

Tax incentives are given to promote the IC industry

A newly released order provides changes to the existing regime including in information sharing, supervision, and mutual enforcement efforts over companies amongst Chinese government agencies.

Tax breaks are offered to equipment purchase and employee education expenses, and a “T+0 redemption and withdrawal” limit is set for money market funds

China establishes a national pool of legal talent.

The calculation method for environmental tax has been clarified