Capital Markets

China failing to protect U.S. companies' IP according to USTR report; French banking giant BNP Paribas applies for securities business; and PRC Futures Law submitted to NPCSC for first reading

The scope of jurisdiction of the Shanghai Financial Court is expanded to include foreign-related cases

CSRC tightens corporate management's information disclosure obligations

Operation of the interbank bond market is improved

HKEX proposes stricter ESG, corporate governance disclosures and standards; PBOC tightens rules surrounding anti-money laundering, terrorist financing efforts by financial institutions; and NDRC furthers Hukou reform with latest directive

SEC unveils amendments to implement law targeting U.S.-listed Chinese companies; China outlines plans to improve workers' protections in platform economy; and NDRC streamlines approvals process for foreign investment in encouraged industries

CSRC redefines major shareholders of securities companies

CSRC implements a registration system for corporate bond offerings

Pledgees are allowed to realize the pledged stock