Foreign investment includes direct and indirect foreign investment activities, an IP tribunal is set up to hear complex IP cases and financial information providers are put under cybersecurity scrutiny

Private kindergartens are not allowed to be listed

Five arbitration institutions are included in the “one-stop” resolution mechanism for Belt and Road disputes

New tax deferral policy clarified

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