Shanghai FTZ expedites cross-border transfer of specified data; CBP investigation finds no substantial evidence of evasion by CIE; and Another Chinese EV SPAC merger is in the pipeline but EU tariffs threaten the business.
Shanghai specifies record filing procedures for AI services. The People's Court Case Repository is made available to the general public. A branch of a bank may be allowed to sign an insurance agency agreement.
Successful U.S. IPO of Chinese EV brand suggests rising investor confidence, but regulatory risks still loom; Burberry wins trademark infringement and unfair competition lawsuit; and China proposes guidelines to it's lithium battery sector amid overcapacity concerns.
Tests for the Greater Bay Area cross-border data verification platform start in the financial industry; Beijing Internet Court decides case to protect natural voices modified by AI; and Chinese mining companies eye opportunities as BHP Group offers to acquire rival
The release of goods and determination of customs duty amounts may be carried out separately. Procedures are facilitated for marketing of domestically produced foreign pharmaceuticals. Government procurement may invite a supplier to cooperate in research and development.
Surveillance camera maker Zhejiang Dahua exits U.S. market amid sanctions; China implements measures to boost mainland companies seeking to list in Hong Kong; and China rolls out measures to boost overseas investments in domestic sci-tech companies.
China designates four pilot areas for foreign investment into telecommunications without ownership caps; CFIUS may be allowed to request more information on transactions that were not filed with them; and CSRC proposes tighter controls on programme trading
China lifts foreign investment restrictions on value-added telecommunications services. Generative AI service providers are required to conduct self-assessments of the security of their training data. SAFE simplifies foreign exchange procedures for foreign trade enterprises.
