Xiaoming Song and Tao Liu of Zhong Lun Law Firm discuss the effects of Chinese depositary receipts on Chinese companies, the improvements made to the share buyback system, the relaxation of refinancing conditions, and the recent listing boom in Hong Kong's stock market that looks set to continue in 2019中伦律师事务所的宋晓明律师和刘涛律师讨论了CDR对中国企业的影响，股份回购制度的完善，再融资条件的放宽，以及2019年看来还会延续的香港上市热潮

Catherine Chen of Zhong Lun Law Firm discusses the recent developments affectingChina's investment fund schemes and private investment funds, the key compliancerequirements when advising on investment funds, how China's opening up of its financialmarkets affects hedge fund investment and the outlook for investment funds in 2019 中伦律师事务所的陈芳律师讨论了影响中国投资基金体系特别是私募投资基金的最新发展，提供投资基金法律服务时的主要合规要求，中国开放金融市场如何影响对冲基金投资，以及投资基金在2019年的前景

The Q4 issue is here!

NDRC relaxes approval procedures for auto manufacturers, prompt IP preservation measures may be taken in urgent circumstances and private kindergartens are not allowed to be listed

Limits on maximum amounts of e-commerce retail import purchases are raised

China's U.S. Treasury bonds holdings drop for fifth month; home prices in first-tier cities decrease for the third consecutive month; and regulators see stable general and core solvency ratios for the insurance sector.

Han Hao and Jiong Zhang of Zhong Lun Law Firm highlight some of the important real estate deals that took place in 2018, the Belt and Road Initiative that have contributed to the real estate market and construction sector, policies that have impacted on the affected real estate industry, the development of the performance bond market for the construction sector and give some insight on the outlook for the real estate and construction sector in 2019 中伦律师事务所的郝瀚律师和张炯律师重点探讨了2018年最重大的房地产交易，一带一路对房地产和建筑市场的贡献，政策措施对房地产行业的影响，建筑业履约保函市场的发展情况，以及2019年房地产和建筑业的前景

Jet Deng and Ken Dai of Dentons discuss theregulation of data protection in China, the recentlyintroduced guidelines for protecting personalinformation and how they regulate big data andartificial intelligence, how data protection andcybersecurity laws affect overseas data transfersand e-commerce platforms, and what e-commerceplatforms should do to comply with cybersecurityregulations 大成律师事务所的邓志松律师和戴健民律师探讨了中国的数据保护监管，最近发布的个人信息保护指引及其如何监管大数据和人工智能，数据保护和网络安全法规如何影响数据出境和电商平台，以及电商平台如何遵守网络安全法规

Li Zheng of Jingtian & Gongcheng discusses the impact of E-commerce Law on IPlitigation on sellers, platform operators and consumers, how foreign brand owners shouldmanage their IP portfolios in China, the courts' role in IP, and how the work of an IP lawyerwill change in the near future 竞天公诚律师事务所的郑莉律师讨论了《电子商务法》对销售者、电子商务平台经营者及消费者在知识产权诉讼方面的影响，外国品牌所有人应如何管理其在华的知识产权，法院在知识产权上的角色，以及知识产权律师的工作未来将有什么变化