Capital Markets

Nine more Chinese companies added to U.S. military company list; Commerce Dept. names China a foreign adversary, setting stage for tech transaction restrictions; and EU chamber report cites digital decoupling as biggest threat to EU companies

China prohibits compliance with foreign sanctions, rules targeting Chinese entities; FTSE Russell, MSCI, S&P Dow Jones drop Chinese telecom companies; and CAC releases revised internet regulation draft

Qualifications recognition of mining assessors is relaxed

Liu Siyuan of Jingtian & Gongcheng Law Firm discusses the revised Securities Law and the rules issued by the Supreme People’s Court that provide support for the implementation of a securities class action legal system in China, and the benefits and difficulties for investors and listed companies in future litigation.

China and European Union agree major investment deal; New York Stock Exchange begins process of delisting three Chinese telecom giants; and CBIRC issues draft clarifying market access rules for foreign insurers

NDRC, MOFCOM launch new national security review for foreign investments; Trump administration adds SMIC and dozens other Chinese entities to Entity List; MSCI drops seven Chinese companies from indices following Trump Executive Order

U.S. House unanimously passes Holding Foreign Companies Accountable Act; China releases first export control list under new regime, targetting encryption technologies; CBIRC publishes shadow banking report, defining sector for first time

CBIRC eliminates the industry restrictions on insurance institutions’ financial equity investment

Hong Kong-mainland Stock Connect expands to include STAR Market-listed and pre-revenue biotech firms; Trump administration set to impose export control restrictions on 89 Chinese companies deemed to be tied to Chinese military; and zero P2P lenders in China following regulatory crackdown according to CBIRC official

AmCham Shanghai survey indicates optimism among U.S. businesses in China about Biden administration; Hong Kong stock exchange slashes IPO settlement process from average five business days to one; and State Council approves launch of SAMR-led 17-department task force tackling unfair competition