Capital Markets

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

China allows disclosure of files of domestic companies to overseas listing regulators.

Securities data shall be backed up at least once per day

European companies considering leaving China market over strict COVID-19 policies; Shanghai court ruling deems bitcoin a virtual asset protected by law; Didi New York IPO under SEC investigation

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

Domestic and foreign Stock Connect is expanded to include bourses in Shenzhen, Switzerland and Germany.

Property of securities law offenders may be used for civil compensation first.

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.