Legal

GBA Wealth Management Connect launched; minister calls for consolidation of Chinese EV manufacturers; and China-Indonesia local currency settlement agreement implemented

Beijing Stock Exchange, which targets innovative SMEs, issues its listing and trading rules. An insurance group company may invest directly or indirectly in non-insurance subsidiaries.

Application for the simplified procedure for advance pricing is made easier

Draft E-Commerce Law accords greater protection to IP rights holders

Daisy Duan of King & Wood Mallesons discusses enterprises that will qualify to be an applicant under the simplified procedure for unilateral advance pricing arrangements (APAs) and those that are excluded, and the benefits of having a streamlined APA process for MNCs in cross-border transactions

Beijing stock exchange hosting innovative SMEs announced; BNP Paribas in talks to launch majority-owned wealth management venture; and Hainan to trial cross-border asset management operations

Draft E-Commerce Law accords greater protection to IP rights holders. CBIRC sets new requirements for naming of property insurance products. New rules allow for priority registration of medical devices.

Tax filing is not needed for domestic reinvestment of a foreign investor

Propagating materials are crucial to IP infringement cases on new plant varieties