Capital Markets

• In the News: Wealth Management Connect; 'Too Many' Electric Vehicle Makers; and LCS Agreement with Indonesia

  GBA Wealth Management Connect launched; minister calls for consolidation of Chinese EV manufacturers; and China-Indonesia local currency settlement agreement implemented

  September 13, 2021

  

• In the News: Beijing SME Exchange; BNP Paribas Wealth; and Hainan Asset Management

  Beijing stock exchange hosting innovative SMEs announced; BNP Paribas in talks to launch majority-owned wealth management venture; and Hainan to trial cross-border asset management operations

  September 07, 2021

  

• In the News: VIE Disclosures; SPC "996" Cases; and Algorithm Draft Rules

  SEC begins asking Chinese companies for more VIE-related disclosures; SPC publishes model cases involving labor disputes as "996" crackdown continues; and CAC publishes draft rules for algorithm recommendation services

  August 30, 2021

  

• Chinese Companies Look to Hong Kong for ESG Guidance

  Hong Kong has played a key role in familiarizing PRC clients with tightening ESG requirements, lawyers say, and it will continue to do so as the city further bolsters rules in this area

  August 27, 2021

  

• In-House Insights: Investment Diligence for a Healthcare VC

  Edward Tung, legal counsel for Hong Kong-based venture capital firm ORI Capital, discusses the growing importance of ESG, the rise of special purpose acquisition companies (SPACs) and the advantage of having scientific expertise when representing healthcare and biotechnology companies.

  August 20, 2021

  

• In the News: Cross-Border Carbon Credits; Arbitration Law Revisions; and Standard Chartered Brokerage

  Hong Kong buyers make first cross-border CCER deal under new national ETS; Arbitration Law proposed revisions released to align further with international practice; and Standard Chartered application for securities venture accepted by CSRC

  August 17, 2021

  

• In the News: JPMorgan Securities Approval; Fidelity Mutual Fund; and SEC Board Diversity

  JPMorgan becomes first fully foreign-owned securities venture in China; Fidelity approved to set up new fully-owned mutual fund business; and SEC approves new board diversity quota and disclosure requirements

  August 10, 2021

  

• General Office of the Central Committee of the Communist Party of China and General Office of the State Council, Opinions on Further Lightening the Burden of Homework and of Off-Campus Tutelage on Students at the Compulsory Education Stage

  中共中央办公厅、国务院办公厅关于进一步减轻义务教育阶段学生作业负担和校外培训负担的意见

  China bans listing of tutorial institutions

  August 06, 2021

• In the News: SEC VIE Disclosures; SPC Facial Recognition; and Hainan Negative List

  SEC to require Chinese issuers clarify VIE structures and whether listing has government backing; SPC issues judicial interpretation with restrictions on commercial applications of facial recognition technology; and MOFCOM unveils separate negative list for cross-border trade in services in Hainan

  August 02, 2021

  

• In the News: Private Education Crackdown; Internet Industry Campaign; and UBS Family Trust

  State Council unveils strict rules barring for-profit tutoring companies; MIIT launches six-month campaign targeting internet industry bad practices; and UBS launches family trust services for wealthy clients

  July 26, 2021