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
Financial institutions are given due diligence instructions on corporate customers
2021 regulatory trends in China, including antitrust, data privacy, sanctions, healthcare, PE/VC, capital markets, IP, banking & finance, TMT and arbitration.
