Banking and Finance Laws

Banks may not transfer business data overseas without authorization.

New 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.

Three Chinese companies ordered out of Canada's lithium industry; CFIUS publishes first-ever enforcement and penalty guidelines; and China's metaverse IPO starts in Hong Kong.

CBIRC issues guidelines for protecting personal information when applying fintech

CBIRC revises regulations to achieve equal treatment for domestic and foreign bank investment

CSRC plans to exempt foreign investors from short-term profit rules; Foshan Government vastly increases financial support for overseas IP protection; BNP Paribas gains regulatory approval from CBIRC for wealth management joint venture with Agricultural Bank of China.

Shenzhen issues rules for the country's first register of personal bankruptcy administrators

China lifts property loan restrictions and allows cities to adjust the rates

Banks are encouraged to take railroad transport documents as documents acceptable for settlement and financing.