Set to be fully implemented in 2020, China's corporate social credit system will monitor all aspects of a company's operations and seek to shape their behavior through blacklistings and joint punishments. Lawyers and experts alike suggest foreign companies take advantage of the system when conducting due diligence and localize their compliance programs.
Wilson Wei Huo, a partner of Zhong Lun Law Firm, explores the application of the “One Country, Two Systems” policy in the context of court-ordered interim measures in aid of arbitral proceedings.
Beijing has announced its plan for wide-ranging legal, financial, and social reforms to be implemented in Shenzhen to make it an example for other Chinese cities
Foreign insurers are encouraged to participate in the country's emerging private pensions sector as the state pension fund is heading towards a $1.6 trillion gap over the next 30 years.
Clarification of registration procedures for foreign-invested for-profit non-curricular language training institutions
CSRC allows funds to participate in short sale of securities
China allows banks to trade bonds on stock exchanges
Security assessment of cloud computing services for critical information infrastructure is specified