In the News: China Counters Foreign Sanctions; More Chinese Securities Removals; and Revised Internet Rules
January 11, 2021 | BY
Vincent ChowChina prohibits compliance with foreign sanctions, rules targeting Chinese entities; FTSE Russell, MSCI, S&P Dow Jones drop Chinese telecom companies; and CAC releases revised internet regulation draft
China prohibits compliance with "unjustified" foreign sanctions
China has announced new rules barring companies from complying with certain foreign sanctions on China. On Jan. 9, China's Ministry of Commerce published theRules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures (阻断外国法律与措施不当域外适用办法). The rules came into immediate
