Legal

International and Chinese law firms are now allowed to offer joint services through a single office and exchange lawyers in the Shanghai FTZ. Foreign lawyers have praised the development as it finally provides a channel to practise PRC law

International and Chinese law firms are now allowed to offer joint services through a single office and exchange lawyers in the Shanghai FTZ. Foreign lawyers have praised the development as it finally provides a channel to practise PRC law

Parallel import of motor vehicles allowed in the Shanghai Free Trade Zone.

Offshore financing has been eased and e-commerce has been further opened to foreign investment in the Shanghai FTZ. The CBRC has also aligned the leverage ratio of commercial banks with Basel III standards

In a strong indication of its growing commitment to enforcing tax compliance, China's State Administration of Taxation released updated indirect transfer rules to replace Notice 698. professionals say the more stringent tax rules, which include safe harbour regulations, withholding tax obligations of the buyer, and clarifications of reasonable commercial purpose, are both welcome and concerning

Qualcomm has agreed to a fine of Rmb60.88 billion (US$975 million) stemming from a finding that its patent licensing practices violated China's Anti-monopoly Law, as well as conditions that echo last year's InterDigital agreement

This week the NDRC fined Qualcomm for AML violations, fake online accounts were banned, the SEC and Big Four reached a settlement over audits and the carbon trading market's lack of clarity was discussed

China has kicked off pilot carbon emission trading projects in seven provinces. Businesses on the list of key emitters should engage with the NDRC as soon as possible

China has kicked off pilot carbon emission trading projects in seven provinces. Businesses on the list of key emitters should engage with the NDRC as soon as possible