Foreign investment catalogues continue to encourage foreign investment in manufacturing. CBIRC has new requirements for insurance capital investment in financial products. Liability for damages shall be borne for ecological and environmental destruction in addition to the criminal liability.
Chinese court imposes stringent requirements on NFT marketplaces to monitor copyright compliance; New rules on dissemination of false and price-sensitive information and pricing; Heightened burden on live-streaming platforms to protect minors
Guidelines on certification of personal information protection for cross-border PI data transfers are set forth. Business cooperation in retirement financial business between banking and insurance institutions is supported. MOJ allows for overseas remote video notarization.
Securities data shall be backed up at least once per day. Before offering a product, a wealth management company shall strictly carry out the internal approval procedure. Global systemically important banks may offer non-capital bonds satisfying total loss-absorbing capacity.
Beijing approves Baidu, Pony.ai to operate robotaxis without supervisor in driver's seat; U.S government blacklists China again over lax IP protection and enforcement; BlackRock launches private pension product, first foreign asset manager to do so
Security management of a third-party SDK is specified for apps collecting personal information. Shanghai issues an Q&A requiring employers pay legitimate wages to employees sick with COVID-19. Technical IP cases are handled by IP courts and intermediate people’s courts.
US companies concerned about tightening cybersecurity rules amid enforcement uncertainty; China to rollout first ever nationwide private pension system; Futures Law adopted as derivatives market set to expand
China passes its first law to manage its derivatives market. Foreign telecom investors are given more flexibility in terms of investment percentage and application procedures. Banking and insurance institutions are encouraged to provide financial support for low-carbon highway projects