Competition put forward in granting of mining rights

Supreme People's Court allows flexibility in foreign investment contract disputes, foreign banks are given more specific expanded business requirements and import of technical equipment enjoys tax breaks.

CNIPA clarifies trademark infringements, spin-offs of listed companies have clear guidance and a new law draft puts forward competition in granting of mining rights.

Eligible consumption taxpayers are re-defined

VAT tax period and rates are revised

China, U.S. agree terms of limited phase one trade deal; draft implementing regulations for foreign investment law approved; and draft law published on promoting China's cultural industry

State Council has lowered the investment capital percentage requirements, the QFII system is streamlined and the entry conditions for foreign insurance companies are relaxed.

CAC specifies procedures for reporting of cybersecurity threats

Fang Zhou and Yue (Brett) Zhang of JunHe review the old regulatory system of cryptography law and how the newly introduced PRC Cryptography Law brings a more flexible approach for cipher products to flourish in China.