The Circular expands the scope of super-deduction of research and development expenses.

The PBOC and regulators have enhanced currency convertibility in the Shanghai FTZ, permitted the selling of funds between the mainland and Hong Kong and defined the categories of financial enterprises

This week the IMF supported making the renminbi a reserve currency, the deputy head of the CSRC was suspected of corruption, Dali Foods' IPO raised $1.5 billion and China clamped down on DVD imports

New rules expand tax super-deductions to all R&D-related expenses including outsourcing fees and simplify guidelines with a negative list. Companies no longer need approval and can expect fewer negotiations with authorities

Tax breaks for technology transfers expanded to the whole of China.

Tax breaks for technology transfers expanded to the whole of China.

Online apps including Weibo and WeChat have been regulated for copyright and the CSRC has abolished prepayments for IPOs and increased disclosure requirements for issuers and underwriters

The PRC Insurance Law is being amended again to offer the market more flexibility while tightening supervision. The key changes include greater coverage, consumer protection, funding opportunities and corporate governance

China implements the MAH system.