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.
Troy Rice of SIPS Hong Kong discusses the implications for foreign IP owners of the recent changes to foreign investment, cross-border tech transfer, and trade secrets laws, as well as cross-border agreement drafting considerations in light of these developments.
For the second year, Chinese FDI into the U.S. falls; The CBIRC releases 12 new measures planned to ease foreign banks and insurers' investments; and Tencent's PlayerUnknown's Battlegrounds game fails to get China licence.
A new law in January should boost China's cross-border e-commerce, but rules now introduced by SAFE also reflect concerns about controlling capital outflows.
