Capital Markets

TMT companies steering towards domestic stock markets for fundraising; CAC releases draft rules tightening scrutiny on push notifications, news content; and companies in China report continued pandemic hit, blame power shortages

Crypto-fundraising criminally outlawed; Delisting process to be streamlined and modernized; Controversial anti-spying initiative comes to an end

Interbank bond market to see changes in subject bond requirements, documentation, risk management, and collateral; rules governing processors of "important and core data" are tightened; Ministry of Education aims to strengthen enforcement actions against non-compliance private tutoring institutions

Financial institutions are given due diligence instructions on corporate customers

Financial institutions shall bear management responsibilities when engaging third-party online marketers for their financial products

2021 regulatory trends in China, including antitrust, data privacy, sanctions, healthcare, PE/VC, capital markets, IP, banking & finance, TMT and arbitration.

Extra regulatory requirements imposed on large money market funds

CSRC proposes introducing DVP for institutional stock investors; FDI hits another record high in 2021 despite pandemic; and MIIT calls on light industry enterprises to upgrade products

Kevin Yuan, Lucca Li and Jocelyn Chen of FenXun Partners discuss China's efforts to support continuous financial innovation in 2021 based on steady development including taking steps to protect the security of personal data in the midst of rapid developments in finance and technology, implementing detailed rules and new initiatives related to fintech innovation, and taking clear steps to open up the financial market to the outside world.