In April of 2017, the Supreme People’s Court (“SPC”) and the Supreme People’s Procuratorate (“SPP”) passed and released a new judicial interpretation dealing with criminal infringement of citizens’ personal digital information (the “SPC Data Privacy Interpretation”)[1]. Approved and
China Law Update Blog
The Latest Developments in China Law
The China Law Update Blog, published by Sheppard, Mullin, Richter & Hampton LLP, focuses on legal developments and regulatory changes in China affecting businesses and investors. It covers topics such as data privacy and personal information protection laws, cross-border data transfer regulations, amendments to competition and anti-unfair competition laws, trade secret protections with extraterritorial implications, and foreign investment rules in Chinese markets. The blog provides analysis of legislative drafts, enforcement trends, and compliance requirements relevant to multinational corporations, legal practitioners, and stakeholders engaged in China-related commercial activities.
Latest from China Law Update Blog - Page 6
Circular on Pilot Tax Policies for Venture Capital Firms and Individual Angel Investors
By Xinlan Liu
In order to promote venture capital investment and to support small to middle sized business, the Ministry of Finance and the State Administration of Taxation have jointly promulgated the Circular on Pilot Tax Policies for Venture Capital Firms and Individual…
China Capital Controls: Best Practices for Accelerating International Payments
By Jiamu Sun
Following the depreciation of Chinese currency RMB and the reduction in China’s foreign exchange reserves[1], foreign companies and individuals in China have met hurdles in moving their money out of China, and overseas companies have experienced delays of…
Fair Competition Review System
By Sarah Zhou*
On June 14, 2016, the State Council issued Opinions on Establishing the Fair Competition Review System in the Development of Market System (hereinafter “Opinions”), which finally uncovers the veil of this system. Fair competition review system was first mentioned in…
State Council Issues Guideline to Boost General Aviation Industry
By Jiamu Sun
Following a surge of investment in China’s general aviation sector around 2013, the sector has experienced down-turns due to the overall slowing of the economy in 2015. On May 17, 2016, the General Office of the State Council announced a…
The Revised Provisions on the Administration of Business Licensing for General Aviation
By Sharon Xu
The Ministry of Transportation issued the revised Provisions on the Administration of Business Licensing for General Aviation (Order of the Ministry of Transportation [2016] No. 31)(“Order No. 31”) on April 7, 2016. Order No. 31, which became effective on June…
New Regulations on the Investment in the Interbank Bond Market by Foreign Institutional Investors
By Xiaolu Xu
The State Administration of Foreign Exchange (“SAFE”) issued a Notice on Foreign Exchange Administration Issues concerning Investment in the Interbank Bond Market by Foreign Institutional Investors (the “Notice”) on May 27, 2016, which further clarifies the supervision and administration of…
China Continues Intensifying Supervision on Product Quality
By Xiaolu Xu
The State Administration of Industry and Commerce (“SAIC”) has promulgated the Measures for Supervision and Administration of the Product Quality in the Circulation Sector (流通领域商品质量监督管理办法) (“Measures”) on March 21, 2016, and these Measures will be effective on May 1, 2016.…
PRC Anti-Unfair Competition Law (Draft Amendment 2016)
By Jiamu Sun
On February 25, 2016, China’s Legislative Affairs of the State Council (“SCLAO”) released the Draft Amendment of PRC Anti-Unfair Competition Law (“Draft Amendment”) and started to solicit public comments on the Draft Amendment until March 25, 2016. Click here for…
Revisions to Measure for Certification of High and New Technology Enterprise
By Sharon Xu
On January 29, 2016, the State Administration of Taxation, the Ministry of Finance and the Ministry of Science and Technology jointly issued the Revised Measure for Certification of High and New Technology Enterprise (Guo Ke Fa Huo [2016] No. 32)…