National Administration of Financial Regulation permits overseas non-financial institutions to serve as investors in financial asset management companies.
August 25, 2023
Banking and Finance Laws
The financial requirements for establishing auto finance companies are substantially increased
August 09, 2023People's Bank of China issues rules restricting cross-border transfer of its business data
August 09, 2023A new set of Measures have been published by the People's Bank of China. In this article, Zhou Yang of Jingtian & Gongcheng examines the provisions and reveal how they will impact and assist data handlers in the financial sector
August 09, 2023President Joe Biden's much-anticipated "Reverse CFIUS" executive order, which will require the screening of U.S. investments into China, will not apply retroactively, at least initially; The PBOC drafts rules on data security for its own business areas; and China aims to inject private captial into national infrastructure projects.
July 26, 2023Edward Tung, legal counsel for Hong Kong-based venture capital firm ORI Capital, discusses his firm's response to U.S. sanctions on Chinese companies, U.S. restrictions targeting foreign companies, artificial intelligence laws in China, and new ESG guidelines.
July 10, 2023No Chinese companies have successfully listed overseas due to tight scrutiny from domestic regulators; A Beijing company succeeds in making a SCC filing for the cross-border transfer of data; and China announces measures to open up free trade zones in order to lure back foreign investors.
July 06, 2023Chinese tech entrepreneurs are considering moving out of China in order to overcome U.S. tech restrictions; Hong Kong publishes guidelines for virtual asset operators and the licensing process; and China's proposal to impose restrictions on private securities funds causes controversy.
June 07, 2023Shipping firms are demanding their Chinese counterparts include break clauses in contracts over concerns about sanctions; Florida and Montana have introduced laws restricting Chinese nationals from owning land; and China is investing in training and research of blockchain technology despite its harsh cryptocurrency crackdown;.
May 24, 2023Hangzhou Court applies copyright and unfair competition law to protect virtual human intellectual property in the absence of specific legal provisions; Hong Kong's loosened cryptocurrency rules attract Chinese state-owned banks; and increased regulatory scrutiny pushes Chinese investment in Europe to an 8-year low
May 17, 2023
