Shanghai allows free flow of foreign capital for foreign investors
October 20, 2023
Capital Markets
U.S. further restricts export of chips to curb China's technological advancement; China bans domestic brokerages from offshore trading in order to stabilize its currency; and Chinese court continues to not recognize crypto lending in civil litigation cases
October 18, 2023Shenzhen Stock Exchange prohibits shareholding reductions.
October 12, 2023Shanghai Stock Exchange prohibits shareholding reductions.
October 12, 2023China proposes to allow businesses to transfer certain types of data overseas without restrictions; IBM's former IT services arm Kyndryl plans to split its China business over data security rules and tech restrictions; and Shenzhen's government introduces initiatives to raise funding for local tech companies amidst U.S. tech restrictions
October 11, 2023GGV capital is breaking up its business into two, separating its Asia partnership; A Shanghai court has recognized Bitcoin as a currency; and China eases capital controls in an effort to attract foreign investment.
September 27, 2023China approves the U.S. listing plans of VIE-structured company CheChe; Chinese IP court helps mediate dispute between Dyson and Dreame; and CSRC proposes rules to encourage companies to pay their dividends
September 20, 2023China's cybersecurity laws are heavily enforced for businesses of all sizes; Chinese Gotion receives CFIUS approval to build an EV battery facility in Illinois; and Former SEC Chair proposes large public companies disclose their exposure to China
September 14, 2023China announces that overseas taxpayers will be exempt from certain taxes until the end of 2027; China attempts to boost the secondary market by introducing a phased restriction on IPOs; and PRC People's Court recognizes virtual assets as property despite crypto ban
September 07, 20233M pays fine to settle bribery charges on its China subsidiary; China recognizes data as an asset in financial statements; and China revises company law to increase controlling shareholder responsibility in companies.
August 30, 2023
