Legal

O'Melveny & Myers

The SPC has clarified issues on joint property ownership, the deed tax rate has been lowered and rules for residential purchases by foreigners in Beijing have been relaxed

Global cybersecurity concerns have led companies to invest heavily in data protection technology. Chinese investors looking to enter this market in the U.S. need to be wary of its trade secrets laws, CFIUS investigations, and monitor the U.S.-China BIT

SAFE relaxes QFII investment limits.

Procedures simplified for domestic enterprises seeking foreign financing.

This week the government closed the gates to foreign investment in internet publishing services, tech leaders took sides on Apple's "duty" to unlock a terrorist's iPhone for an investigation and Qualcomm signed a new chip licensing deal with Lenovo

SAFE has relaxed investment restrictions for QFIIs, control over online publishing has been tightened and the PBOC has encouraged offshore financing in domestic enterprises

This week the McDonald's and Yum supplier was fined Rmb2.4 million, the Supreme People's Court will build an online platform to track punishments, SAFE relaxed QFII restrictions, Apple Pay was launched in China and the CFDA ended its AliHealth partnership

Criteria for foreign banks to enter the interbank forex market clarified.