The SAT has clarified VAT will not be levied on purely offshore activities

MOF has pushed for enhancing the government's contractual performance in PPP projects.

Stricter requirements on sale of personal insurance.

Power distribution grid business opened to private sector.

NSSF has tightened trust loan security requirements.

The NPC-approved PRC Cybersecurity Law guards against foreign hackers, the CAC has regulated livestreaming services and the SPC has lowered the cost for property preservation

SAT requires filing of contemporaneous documentation and country reports for transfer pricing.

SAT requires filing of contemporaneous documentation and country reports for transfer pricing.

The NPC approved the PRC Cybersecurity Law, U.S.-China trade negotiations involved allowing wholly foreign-owned investment banks on the mainland and the new film law targeted ticket sales fraud