The PRC Insurance Law is being amended again to offer the market more flexibility while tightening supervision. The key changes include greater coverage, consumer protection, funding opportunities and corporate governance
This week JD.com requested the SAIC to investigate Alibaba for pressuring vendors, internet companies like Baidu, Huawei and Sina were listed for data violations and R&D centers were allowed to seek drug approvals
A new market access negative list will be tested in selected regions starting in December. It will be applied nationwide in 2018 along with one just for foreign investment as China further opens its gates
Cloud computing service providers in China have to actively remove copyright-infringing content from their networks and put in place systems to prevent users from sharing such works. Rights owners welcome the development but data privacy concerns emerge
More tax deductions are available for R&D expenses, technology transfers can get exempted from enterprise income tax and insurance companies no longer require CIRC approval to set up rep offices overseas
The latest revisions increase corruption penalties, allow for subjective decisions and widen the information security net as China intensifies crackdown
This week the FDA found Pfizer's plant in China falsified records and used old ingredients, a U.S. defense group report questioned IBM, Cisco and Microsoft's local partnerships and China's leading travel service companies combined
