Financial institutions in the region are feeling the heat from increasingly aggressive regulatory actions following landmark AML cases involving Hong Kong and Chinese banks
Income tax burdens have been eased for foreign investors, tax credit policy has been revised to align with outbound investment needs, and the calculation method for environmental tax has been clarified
SAFE has required offshore loans to comply with outbound investment policy, roundabout wealth management activities have been suppressed, and Guangdong has broadened the business scope for Hong Kong/Macao law firms
How industry barrier changes in the previous and new versions of the Foreign Investment Catalogue--and the introduction of the Negative List system--impact market access compliance