Banking and Finance Laws

PBOC lowers first-home buyer interest rates by 0.2%; Shenzhen establishes China's first ABS credit protection certificate; CSRC promulates prescriptive rules on public fund managers

Lawyers say a new regulation of markets in crypto assets will attract more crypto service providers to the 27-member bloc, as well as generate a wave of regulatory advisory work for law firms.

Beijing approves Baidu, Pony.ai to operate robotaxis without supervisor in driver's seat; U.S government blacklists China again over lax IP protection and enforcement; BlackRock launches private pension product, first foreign asset manager to do so

US companies concerned about tightening cybersecurity rules amid enforcement uncertainty; China to rollout first ever nationwide private pension system; Futures Law adopted as derivatives market set to expand

Industry associations ban NFT use for issuing financial assets; Shanghai government paves way for potential resumption of production activity under closed-loop management; and livestreaming video games banned for certain platforms

Draft law to boost protection against systemic risks; SPC amends rules on summary procedures, service of litigation documents, small claims, and judicial confirmation; Policymakers aim to knock down localism and unify market standards

Kainan Zhang and Junting Lei of Haiwen & Partners highlight the main PRC foreign exchange regulatory requirements of different types of cross-border investment and trade by domestic and foreign individuals and institutions under capital and current accounts.

Businesses to receive VAT refunds; plans to improve China's corporate bond market outlined; brand new requirements to develop technology ethically

Crypto-fundraising criminally outlawed; Delisting process to be streamlined and modernized; Controversial anti-spying initiative comes to an end

Interbank bond market to see changes in subject bond requirements, documentation, risk management, and collateral; rules governing processors of "important and core data" are tightened; Ministry of Education aims to strengthen enforcement actions against non-compliance private tutoring institutions