including excerpts of the Explanation of the PRC Foreign Investment Law (Draft for Comments) on VIEs

MOFCOM has clarified case name requirements for anti-monopoly filings and SAT has imposed tax on indirect transfers of Chinese property by non-tax-resident enterprises

This week the fight against internet copyright piracy was discussed, Guangdong saw the first successful case against administrative monopoly and an AIM-listed Chinese shoemaker's bosses went off the radar

This week the Qualcomm case spurred ZTE and Huawei to collect patent royalties from smaller players, China's leading taxi-hailing apps planned to merge and the diminishing role of investment banks in large outbound acquisitions was analysed

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