Foreign judgments that violate PRC security will not be recognized. Company Law draft enhances shareholders' responsibilities for capital contribution. Core elements of regulatory rating of foreign bank branches place more emphasis on compliance.
U.S. gains full access to audits of Chinese companies; Fidelity targets China's mutual fund industry following the opening up of China's private pension industry; and China connects with Germany for overseas listings.
Industrial data processors are required to file its catalogues of key data and core data with the industry regulator. MOF clarifies accounting treatment for enterprise data resources. Deep synthesis involving editing of biometric information of individuals requires their separate consent.
CSRC expands the scope of securities law practice of law firms. The proceeds derived by a foreign institution from an offering of bonds in China may be remitted abroad. Certification institutions may be engaged for certifying personal information protection.
First Chinese court decision recognizes NFT as virtual property; international commercial law standards take effect in Hong Kong; and China's private pension sector set for rapid growth
Anti-unfair competition law draft prohibits improper use of others' commercial data. Parties may institute a civil case against monopolistic acts outside of mainland China. CBIRC sets forth criteria for engaging in private pensions.
New social credit draft law raises concerns for foreign companies; CSRC lifts ban on property M&A and refinancing; and U.K. government unwinds a completed transaction for the first time.
Basic-level people's courts have jurisdiction over first instance foreign-related civil and commercial cases. Banks may not transfer business data overseas without authorization. High-quality real estate enterprises are supported by letters of guarantee.
The U.S. detains millions worth of solar panel products at the border; rules surrounding high-tech export controls clarified; Shanghai court strikes down VAM agreement
New guidelines specify legal liability of a personal information processor and the foreign data recipient. Shanghai revises rules to encourage multinationals to set up business unit headquarters. CNIPA issues non-binding guidelines for open patent license royalties.
