Feng Wang of Jingtian & Gongcheng highlights the major asset restructuring rules of companies listed on the Shanghai Stock Exchange STAR Market including the requirements for reverse takeover in light of market-orientated reform.

More factors are included in determination of market dominance

Competition put forward in granting of mining rights

Supreme People's Court allows flexibility in foreign investment contract disputes, foreign banks are given more specific expanded business requirements and import of technical equipment enjoys tax breaks.

CNIPA clarifies trademark infringements, spin-offs of listed companies have clear guidance and a new law draft puts forward competition in granting of mining rights.

Eligible consumption taxpayers are re-defined

VAT tax period and rates are revised

China, U.S. agree terms of limited phase one trade deal; draft implementing regulations for foreign investment law approved; and draft law published on promoting China's cultural industry

State Council has lowered the investment capital percentage requirements, the QFII system is streamlined and the entry conditions for foreign insurance companies are relaxed.