Draft of the implementing regulations for the Foreign Investment Law has addressed the VIE structure concerns, final industrial adjustment catalogue no longer eliminates virtual currency mining and food safety liability can be pursued down to the responsible persons.
Amendments to the PRC Land Administration Law are likely to have a significant effect on the entry on to the market of rural collectively-owned profit-oriented construction land. Deng Furong of Zhong Lun Law Firm examines the implications for this high-profile sector of the Chinese economy.
China launches nationwide 5G services network; UBS becomes first foreign underwriter of Star Market IPO; and Shanghai orders shutting down of P2P lenders in latest industry crackdown
Non-investment type FIEs are allowed to use their investment capital in equity investment, foreign investment in commercial cryptography will receive equal treatment and leakage of user information as a result of failure in cybersecurity management obligations may be criminal.