Zhenyu Ruan, Yangdi Zhao of Baker McKenzie FenXun (FTZ) Joint Operation highlight notable legal developments in the three main legal areas of the virtual world called the metaverse, namely cryptocurrency regulation, NFT copyright infringement and data privacy
Loan prime rates slightly lowered; 3-year development blueprint for the Lingang Free Trade Zone unveiled; New rules on exercise of administrative discretion
CFIUS publishes data from 2021; Autonomous vehicles can be driven in simple and controlled conditions; Trust firms' loans to real estate sector audited
Foreign institutional investors may engage in trading in open-ended bond index securities investment funds
SAMR issues 28 administrative penalties for failing to disclose M&A deals; CAC clarifies details about data export security assessment; banks and insurance companies to support advanced manufacturing
Hong Kong-Mainland integration of interbank market for rate swaps; National security probe into prominent academic database; Draft rules on management of private pension funds
Major overhaul of Anti-Monopoly Law; PBOC joins five central banks in BIS-led regional liquidity pool; Lawmakers expand scope of online content review
CSRC tightens rules on business transactions of group finance companies.
Comprehensive plans outline implementation of carbon reduction policies; Greater oversight over government officials' families; PBOC to support new format RMB settlement
Banks and insurance companies to boost green finance development; PRC courts to develop standard uses of blockchain technology by 2025; strengthened internal management requirements ensures probity of intermediaries
