Legal

• Announcement on Matters Relevant to Improving the Administration of Affiliated Party Filings and Contemporaneous Documentation

  关于完善关联申报和同期资料管理有关事项的公告

  SAT requires filing of contemporaneous documentation and country reports for transfer pricing.

  November 10, 2016

• In the news: China passes the Cybersecurity Law, considers permitting investment bank WFOEs and releases a law for the film industry

  The NPC approved the PRC Cybersecurity Law, U.S.-China trade negotiations involved allowing wholly foreign-owned investment banks on the mainland and the new film law targeted ticket sales fraud

  November 08, 2016

  

• Closing loopholes: New transfer pricing rules target MNCs

  China kicks off a new BEPS era with heavier reporting and compliance burdens for MNCs and their local subsidiaries amid a global crackdown on tax avoidance

  November 08, 2016

• China enforces fair competition through administrative reviews

  O'Melveny & Myers

  November 07, 2016

• China approaches WTO watershed

  U.S., EU risk igniting trade battle if they fail to accept China as a market economy next month

  November 07, 2016

  

• Tentative Measures for the Administration of the Business Activities of Peer-to-peer Lending Information Intermediaries

  网络借贷信息中介机构业务活动管理暂行办法

  First set of measures on P2P lending.

  November 03, 2016

• Tentative Measures for the Administration of the Business Activities of Peer-to-peer Lending Information Intermediaries

  网络借贷信息中介机构业务活动管理暂行办法

  First set of measures on P2P lending.

  November 03, 2016

• Legislation roundup: Advance pricing agreements, FIE record filing and internet negative list

  The SAT has set stricter criteria for advance pricing, the SAIC has permitted non-restricted FIEs to directly apply for business registration and the NDRC has published a draft negative list for internet market access

  November 03, 2016

• Yihaodian interview: The e-commerce journey, from Walmart to JD

  电子商务之路

  HuanDong Gao, SVP and general counsel of Walmart eCommerce & Yihaodian, shares insight into the JD.com deal, MOFCOM remedies, Shanghai FTZ establishment, and China's ever-evolving online marketplace. 沃尔玛电子商务与一号店高级副总裁及总法律顾问高唤栋分享对京东网站交易、商务部补救措施、上海自贸区建设和中国不断变化的网上市场的见解。

  November 03, 2016

  

• In the news: Germany reconsiders Grand Chip-Aixtron, two bicycle-sharing startups go head-to-head, Amazon competes with Alibaba, and China supports SMEs and tightens food safety

  The German economics ministry revoked its approval of the $740M semiconductor deal, the race between Didi and Tencent-backed Ofo and Mobike was discussed, Amazon launched Prime free-shipping in China, the NPC reviewed pro-SME legislation and the State Council drafted a revised food safety law

  November 01, 2016