U.S. further protects its technology with new strike force; Hong Kong amends listing rules; and China accedes to the Apostille Convention for international business integration.
A national financial regulatory administration directly under the State Council will be established. Insurance asset management companies are encouraged to engage in ABS and REITs. Approval is required when providing confidential surveying and mapping achievements to foreign parties.
The U.S. approved nearly 70% of license applications for exporting goods and technology to blacklisted Chinese firms in 2022; Shenzhen and London Stock Exchanges sign agreement to implement a Shenzhen-London Connect; and online-generated credit reports replace "no illegal record" certificates in Shanghai
All accounting files are subject to government procedures when domestic companies are listing overseas. Banks are categorized for capital management. Financial support is provided to housing rental market.
Chinese state-owned enterprises urged to stop using Big Four due to data security concerns; small Chinese businesses to be subject to international data transfer requirements; and China encourages foreign investment in the real estate sector through private equity funds.
CAC finalizes rules on standard contracts for overseas transfer of data. AMAC encourages foreign investment in private immovable property investment funds via QFLP. New listing rules cover indirect offshore listings of Chinese companies.
New CSRC rules on overseas listing; China raises concerns over Ford gaining access to Chinese electric battery technology; and CSRC clarifies that it will not impose a blanket ban on mainland investors trading overseas stocks
AMAC imposes more stringent record filing requirements for PE funds. Guangzhou lowers qualification requirement for foreign lawyers. Shenzhen issues the first regional regulations on cell and gene industry.
China has imposed new regulations on PRC companies raising foreign mid-to-long-term debt; It also has introduced stricter measures on bank asset risk classification; and for the first time, it has granted a wholly foreign-owned securities firm permission to be established in China.
