Legislation

Enterprises enjoy tax breaks for investment in Western China.

Abusing IP rights to eliminate competition may be fined up to 10% of the sales turnover.

The Measures are revised to follow changes in the List of Investment Projects Subject to Government Check and Approval, which relaxes foreign projects approval requirements.

The tax authority may proceed with an adjustment for any expenses paid to an overseas affiliate not in compliance with the arm's length principle.

Mall, market and platform business operators may be liable for advance payment of compensation to consumers.

MOFCOM gives instructions on case naming for anti-monopoly filings.

BankingCircular on the Launching of the Pilot Project for Cross-border Foreign Exchange Payment Business by Payment Institutions关于开展支付机构跨境外汇支付业务试点的通知L3610/15.01.20Environmental…

SAFE eases policy on banks' forex business.

SAFE relaxes access to the foreign exchange insurance market.