State Intellectual Property Office issues guidelines on AI as patent inventors; German and British companies are less optimistic about their China prospects, with a caveat; and U.S. adds a range of companies involved in Chinese chipmaking to Entity List
China releases a pilot plan to allow wholly foreign-owned hospitals in major cities such as Beijing and Tianjin; China to require tech operators to improve the security capabilities of recommendation algorithms; and Australian blueberry producer wins over unlicensed Chinese nursery
Foreign marketing authorization holders are required to designate a domestic responsible person in China. Personal information handlers of the Greater Bay Area are required to make publicly available its rules for processing personal information. NFRA specifies the non-performing assets that a financial asset management company may acquire.
EU to ban products and components involved in forced labor; EU plans to require tech transfers for Chinese companies to obtain subsidies; and Shanghai court’s opinion allows Chinese individuals to own cryptocurrency
In Part I of this series, Daisy Duan, Yingjie Yang and Cuishi Li of King & Wood Mallesons introduced the implications of the amended PRC Company Law for Formal Capital Reductions. In Part II, the authors focus on the accounting and tax treatments of Substantive Capital Reductions, and analyze the tax risks of shareholders with regard to capital reductions not made at fair market value.
Chinese developer sues Apple for removing its app from the App Store; CSRC requires increased shareholder returns to boost stock prices; and Foreigners are choosing to work remotely instead of moving to China
SAMR defines relevant markets for standard essential patents. Arbitration Law draft provides for interim measures. CSRC issues rules to instruct listed companies to manage its market value.
As China prepares to introduce a long-awaited increase in the statutory retirement age for both men and women, Guo Wei and Wu Hantong of Tian Yuan Law Firm examine the impact of this sweeping domestic change on foreign-invested enterprises
