China Law News

Beijing promotes free flow of ordinary data for foreign-invested enterprises. Shanghai allows free flow of foreign capital for foreign investors. Shanghai and Shenzhen Stock Exchanges prohibit shareholding reductions.

GGV 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.

China 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

CIETAC accepts application for early dismissal of arbitration claims. SAMR does not compel an enterprise to separately establish a compliance system for concentrations of business operators. China issues rules for data asset appraisal.

China'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

China 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

Instructions are laid out for overseas transfer of key data. Practice guidelines are issued specifying labeling of AI content. Individual income tax policy is extended for VC firms.

3M 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.

Guidelines are given for informing individuals of automated decision processing of their personal information. Website platforms are responsible for dealing with online enterprise-related infringement information. Banking and financial institutions should report the outcome of their assessment of the prevention and control of criminal case risks annually.

China meets executives of international firms in order to reassure them over data security regulations; CSRC seeks regulatory opinion for the frist time for overseas listing; and Chinese automobile parts included in U.S. import detention over Xinjiang concerns