China imposes same outbound investment filing requirements for companies and individuals | Red chip ban is part of the reason for PE freeze in China | Chinese court upholds franchisee’s right to unilaterally terminate during "cooling-off period'
State Taxation Administration trains local officers and drafts guidelines to resolve confusion over new offshore trust taxation | EU’s new packaging rules create headache for Chinese exporters | Deutsche Bank authorized as renminbi clearing bank amid internationalization push
China expands strict personal information processing rules to entities processing 10 million people | New entry-exit rules could block talent in sensitive sectors from leaving China | Tax authorities enforce stricter social security contribution compliance to address pension fund deficits.
Large-scale personal information handlers’ data centers should be headed by PRC citizens | A public security authority conducts online inspections of the status of the cyberspace security of companies | CNIPA allows for patent priority examinations
Crypto platforms offer investors Chinese AI stock exposure, circumventing Chinese restrictions | Hong Kong bourse to permit confidential filings in biggest reforms since 2018 | China releases mandatory national standards for Level 3 and Level 4 autonomous driving systems
CAC clarifies issues on transfers of HR information abroad | Foreign nationals placed on a countermeasures list will be denied entry to China | The steps for the security classification of artificial intelligence applications are set forth.
First Chinese judgment rejects foreign sanctions on Chinese party as defense for contract breach | Chinese tax-residents must pay income tax on gains of assets transferred to offshore trusts | Three major Chinese banks issue first loans using interbank repo rates as a pricing benchmark
Tax-resident individuals are required to pay tax on their offshore trusts. Transfers of personal information of less than 100,000 persons may enjoy simplified procedures. Regulation of insider trading is tightened up.
Chinese financial regulator to take over Zhongbang Bank due to severe credit risks | U.S. companies adopt Chinese AI and China considers restrictions | CNIPA maintains validity of first virtual digital human patent, clarifying inventiveness standards for AI model training
Critical information infrastructure operators in the banking and insurance sectors are required to focus on commercial cryptography management. The Financial Law prioritizes civil damages. Qualified Hong Kong and Macao lawyers may practice in the Greater Bay Area.
