Ericsson faces investigation over its intellectual property licensing practices; investors in CDRs of innovative enterprises will enjoy a three-year tax break on profits; and China issues a new rule to improve the supervision of elderly care services.
Shanghai FTZ allows an increase in plot ratio of land, guidelines on articles of association are revised to accommodate special voting rights and foreign accounting firms are required to make filings for auditing of bond offerings.
Heng An Standard Life Insurance becomes the first foreign-invested pensions insurer to win CBIRC approval; Shanghai announces plans for more corporate tax cuts this year; and China mulls closure of virtual currency mining outfits.
Guiding catalogue of industrial structure encourages big data and AI technology, banks' liability for asset management is protected and draft regulations are issued on carbon trading.