Legal

The use of housing reserve funds to purchase bonds has been permitted, the CSRC has clarified disclosure requirements for listed companies' annual reports and the State Council has encouraged the development of consumer-based industries

Draft guidelines issued to curb abuse of IP anti-monopoly cases.

O'Melveny & Myers

This week the CSRC approved the Shenzhen and Shanghai listings of 10 companies, authorities busted the country's largest underground bank and a study ranked China as the top emerging market for clean energy investment

The Circular expands the scope of super-deduction of research and development expenses.

The PBOC and regulators have enhanced currency convertibility in the Shanghai FTZ, permitted the selling of funds between the mainland and Hong Kong and defined the categories of financial enterprises

This week the IMF supported making the renminbi a reserve currency, the deputy head of the CSRC was suspected of corruption, Dali Foods' IPO raised $1.5 billion and China clamped down on DVD imports

New rules expand tax super-deductions to all R&D-related expenses including outsourcing fees and simplify guidelines with a negative list. Companies no longer need approval and can expect fewer negotiations with authorities

Tax breaks for technology transfers expanded to the whole of China.