Legislation

CSRC tightens control on PE fund establishment and management

CBIRC governs investment of insurance capital in debt-for-equity plans by grade

State Council eases investment procedures for telecommunications services, oil products and QFIIs

SPC clarifies the submission of new evidence in patent cases

Permit requirements for unmanned civil aircraft are specified

A long-term stable trading relationship solely is not sufficient to constitute a trade secret

Guangdong court issues rules to facilitate bankruptcy cases

Export of some technologies may now require approval from local authorities

Foreign investors may further complain to higher-level authorities

Independent fund sales institutions are not allowed to sell PE/VC funds on an agency basis