Foreign marketing authorization holders are required to designate a domestic responsible person in China. Personal information handlers of the Greater Bay Area are required to make publicly available its rules for processing personal information. NFRA specifies the non-performing assets that a financial asset management company may acquire.
EU to ban products and components involved in forced labor; EU plans to require tech transfers for Chinese companies to obtain subsidies; and Shanghai court’s opinion allows Chinese individuals to own cryptocurrency
Chinese developer sues Apple for removing its app from the App Store; CSRC requires increased shareholder returns to boost stock prices; and Foreigners are choosing to work remotely instead of moving to China
SAMR defines relevant markets for standard essential patents. Arbitration Law draft provides for interim measures. CSRC issues rules to instruct listed companies to manage its market value.
SAMR tightens rules on SEPs to protect competition; Lawsuit defines scope of search engines’ obligations on search result algorithms; and China promotes carbon neutrality in new environmental energy law.
A foreign investor is allowed to subscribe for new shares of a listed company as a placement target determined by means of competitive bidding. NMPA clarifies the qualifications of a foreign-invested enterprise that may produce imported medical devices in China. Large data security incidents are required to be reported to the local industry regulator.
The final rules of reverse CFIUS differ from the draft version; China changes its foreign investment rules to attract more long-term and high-quality investments; and Chinese data center company raises $1 billion from U.S. PE investors.
Pilot project allows Tesla and HSBC to independently operate data centers in China; WeRide's lead legal adviser comments on overseas IPOs; and Austria's Starlinger settles patent infringement case with Chinese machine manufacturers.
National Data Administration provides official definitions of 41 terms in the data sector. Offshore entities are allowed to participate in segmented production of biological products. The National Financial Regulatory Administration encourages the development of personal pension insurance products.
The world's largest drone manufacturer fights allegations by the U.S. Defense Department, Commerce Department, and House of Representatives; Chinese government invests in Chinese startups after U.S. venture capital and private equity funds leave China; and Chinese insurance regulator approves insurance firms set up by BNP Paribas and Prudential.
