Full disclosure of VIE structure is required for listing on the Science and Technology Innovation Board

The scope of trade secret infringement is broadened

Government investment should focus on non-profit public projects, measure of damages for patent infringement may be calculated in parts and the system for suspension of the listing and trading of securities may be abolished.

MOFCOM will release a shortened negative list for foreign investment in the first half; SAFE requires local registration for cross-border online transactions; and shareholders can sue to prevent harmful transactions.

People's court allows share transfer to resolve shareholder disputes, government officials may not require technology transfers in granting administrative permissions and technical investigators may be assigned in IP litigation cases.

New legislation and judicial rulings on bribery over the past year have impacts on foreign companies doing business in China.

PPP projects are put under more stringent scrutiny

Trademark Law is revised adding bad faith registration provisions

The CSRC has agreed its first administrative settlement with Goldman Sachs and Gao Hua Securities; seven themed funds were approved for Shanghai's new Sci-Tech Board; and the National People's Congress is reviewing measures to tighten up the production and sale of drugs.