As the U.S. targets Chinese high tech in the escalating trade war, China introduces more tax incentives to boost its domestic software and integrated circuitry sectors.
New tax incentives are issued for Chinese software and integrated circuitry companies, as international companies withdraw from Huawei's supply chain under U.S. pressure; former head of the CSRC, Liu Shiyu, is facing a likely corruption investigation; and China's private equity sector comes under CSRC scrutiny, with warnings issued to several firms.
The People's Bank of China and State Administration of Foreign Exchange have issued draft rules that will allow foreign investors to switch bond investments between China's foreign investment channels.
Central banks is expected to increase easing measures in the financial sector; Industry regulator calls for P2P lenders to register and consolidate; and trade war with the U.S. may cause delay of China's planned property tax legislation.
Insurance companies are required to compute the minimum capital for perpetual bond investments, Guangdong adopts market rules in granting of island use rights and formulation of judicial interpretations may solicit public comments.