Foreign auto brands including Volkswagen, BMW and Daimler have recalled thousands of vehicles in China amid tightening quality and safety rules. Carmakers need to comply with AQSIQ requirements on monitoring, filing and recalling defects to avoid costly investigations and penalties

O'Melveny & Myers

This week markets reacted to China's economic track and outlook, PRC competition regulators imposed the highest amount of fines in 2015 and Dalian Wanda reportedly agreed to acquire a major U.S. movie studio

PBOC strengthens administration of bank accounts.

Chinese companies engaging in cartel activities can be subject to the extraterritorial reach of U.S. and EU antitrust laws. This means long and costly investigations, heavy fines and even criminal prosecution. Understanding the risks, compliance and devising an effective strategy are key

This week the PRC Anti-terrorism Law was approved to take effect on January 1, the NDRC fined foreign shipping firms $62 million for price fixing and regulators made progress towards adopting a registration system for IPOs

The PRC Anti-terrorism Law will take effect on January 1, the interbank foreign exchange trading hours have been extended and the PBOC has created three types of bank accounts for individuals

CSRC clarifies post-VIE disclosure requirements.

Income derived from the Mainland-Hong Kong Mutual Recognition of Funds will be taxed, the State Council will establish a License of Right system for patents and citizens can apply for residence permits after living in a city for 6 months