This week the State Council encouraged local governments to invest in startups, a Rmb350 billion fund for restructuring SOEs was established and Dalian Wanda partnered with Sony Pictures to finance and market movies
China has simplified the approval process to record filing for all foreign investments outside the negative list. Investors are advised to plan ahead for the impact on deals, compliance, and the regulatory kinks to be ironed out in the transition to a unified national regime
The NDRC has drafted a revised FDI catalogue for central and western China, the Shanghai FTZ has opened the renminbi bond market and e-data has been permitted to be frozen for investigations
The NPC and MOFCOM have expanded the record filing regime for FIEs nationwide, and the CSRC has clarified definitions of changes in control of listed companies
SAFE's latest rule on capital account transactions has allowed for smoother FX conversion and enhanced flexibility in currency risk and cash management by domestic and foreign enterprises
