Revised Chinese Company Law requires mandatory worker representation in boardrooms; Shanghai's biomedical measures catch the most attention; and Merchants of Pinduoduo's international arm, Temu, struggle to sue the company due to its complex structure.
WeRide IPO shows another green light for overseas listing of Chinese companies; China imposes new regulations for local authorities to better implement its state secrets law overhaul; and two Chinese state departments release new rules for QFII to stimulate foreign securities investment.
Revised state secrets regulations require network operators to report violations of confidentiality laws. A QFII may select at its own discretion the currency it remits inwards to invest in domestic securities or futures. PBOC specifies minimum registered capital requirements of non-bank payment institutions.
U.S. lawmakers are worried about Microsoft's deal with a UAE-based AI company that has China ties; Nippon Steel ends joint venture with Baoshan; and China tightens regulation on hedge funds and programmed trading.
State Council relaxes foreign investment in value-added telecommunications services in five cities. National standards are published on compliance audit requirements of the protection of personal information. Differentiated requirements set forth for the regular and interim reports of private investment funds.
The Supreme People's Court releases "typical cases" as a guide for the application of extraterritorial laws in Chinese courts; Chinese tech companies anticipate increased costs under the EU AI Act; and Foreign investors face increased domestic competition in China.
Shareholders are required to pay in their subscribed-for capital contributions in full by the revised time limit. Large internet platforms should have control over data provided to third parties. Vehicles should allow one-touch halting of collection of out-of-vehicle data
Germany's Economy Ministry blocks Volkswagen deal with Chinese company on national security grounds; China leads the world in the adoption of generative AI in banking and healthcare; and Chinese filmmakers wishing to submit short films to overseas film festivals must first register with authorities.
Supreme People's Court clarifies issues on definition of relevant markets. SAMR issues guidelines on reviewing horizontal concentrations. Foreign-invested enterprises may engage in international data center business in Hainan Free Trade Port.
The U.S. has added additional Chinese companies to its Entity List and Unverified List; China's State Council has taken steps to encourage foreign venture capital in the tech sector; and Chinese electrolyzer manufacturers are "Europeanizing" their products in anticipation of an EU crackdown.
