Legal

Security provision by insurance companies is restricted to prevent illegal asset transfers.

A new judicial interpretation issued by the Supreme People's Court will help level the playing field for foreign investors seeking court review of governmental actions.

Foreign banks allowed more businesses, construction project approval procedures streamlined and QDIIs prohibited from purchasing forex

Tax credit policy has been revised to align with outbound investment needs.

Tax credit policy has been revised to align with outbound investment needs.

Foreign shareholding in securities firms relaxed, foreign investment in futures companies allowed and online defamation of historical Chinese heroes banned

Substantive business activities required for beneficial owner status

China allows CDRs, tax breaks only require retention of documentation, and curbs are imposed on large exposures of banks

Social insurance reductions will continue, and a pool of foreign-related legal talent and the Shanghai Financial Court are established.