A new tax deferral policy providing a temporary waiver of EIT to overseas investors investing in encouraged industries is aimed at attracting more foreign capital. If considering expanding further into the PRC, overseas companies should comprehensively review and readjust their current investment strategies to ensure they can benefit from the new tax deferral.
The annual reports on IP cases issued by the Supreme People's Court always make interesting reading, and the report for 2016 is no exception. A closer look at the highlighted cases provides some particularly revealing insights into the development of what could be described as a case law system with Chinese characteristics.
The amended PRC Anti-unfair Competition Law recognizes the role of middlemen in bribery and describes commercial bribery as having three specific elements. To mitigate legal risks, in-house counsel should ensure compliance regulations are up to date and internal systems are established to educate employees.
Foreign partners may enjoy tax agreement benefits, insurance company-backed foreign loans should comply with outbound investment policy and establishment procedures for insurance companies are streamlined.
Steven Gu of Co-Effort Law Firm highlights the new civil litigation principles, the major SPC guidelines and Belt and Road disputes, and the evolving mechanisms for arbitration and mediation in China 协力律师事务所的古锐律师重点解释、分析了最新的民事诉讼总则、最高人民法院指引、一带一路纠纷以及中国仲裁调解制度的改革
Rongsheng Zhang and Xiangyang Yi of Jingtian & Gongcheng provide an overview of the CSRC's regulatory agenda, the Mainland-Hong Kong stock and bond connects, the tightened block trade and backdoor listing curbs, and risk controls for fund managers 竞天公诚律师事务所的张荣胜律师和易湘洋律师综观证监会的监管政策、沪深港通和债券通、大宗交易的收紧、借壳上市的遏制以及基金经理的风险管理