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In the News: China Reveals Social Credit Regime; Second Wave of Property Market Support; and UK Blocks Chinese Chipmaker Deal
December 01, 2022 | BY
Susan MokNew social credit draft law raises concerns for foreign companies; CSRC lifts ban on property M&A and refinancing; and U.K. government unwinds a completed transaction for the first time.
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New Draft Law Provides More Details on Untrustworthiness
The National Development and Reform Commission issued thePRC Law on the Establishment of the Social Credit Regime (Draft for Public Comments) (中华人民共和国社会信用体系建设法（向社会公开征求意见稿）) on November 14. The Draft proposes a reward and penalty