Service and manufacturing industries will be relaxed for foreign investment and the Science and Technology Innovation Board allows shares with special voting rights

Hong Kong and Macao law firms are allowed cooperation throughout China

Venture capital firm partners may pay tax on an investment fund basis

CSRC takes measures to prevent insider trading in M&A deals; tax reductions for private businesses in Shenzhen rose 10.2% year on year; and China's commercial real estate market grows 50% year on year in investments from foreign investors.

China's newly published Draft Foreign Investment Law has garnered attention. The Draft proposes further protection of foreign investment in China as well as a more streamlined market access system. Jeanette Chan and Betty Yap, partners, Hans-Günther Herrmann, counsel and Rui Bu, China associate of Paul, Weiss, Rifkind, Wharton & Garrison LLP discuss the potential impact of the newly minted draft law.

Venture capital firm partners may pay tax on an investment fund basis, Hong Kong and Macao law firms are allowed cooperation throughout China, and mainland China and Hong Kong/Macao make progress in reciprocal enforcement of judgments

The auto purchase tax rate remains the same

China sets establishment requirements for movie theater chains

Improved cooperation in judicial assistance over civil and commercial matters between courts in the Chinese mainland and Hong Kong; chambers of commerce to play a bigger role in resolving economic disputes in the private sector; and national database enforces court orders more quickly.