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.
Three Chinese companies ordered out of Canada's lithium industry; CFIUS publishes first-ever enforcement and penalty guidelines; and China's metaverse IPO starts in Hong Kong.
The 2022 Encouraged Catalogue encourages foreign investment in the shipping sector. A draft circular sets forth the insurance and road safety matters of intelligent connected vehicles. CSRC specifies the types of public funds that a private pension may invest in.
China will support foreign-invested enterprises to list domestically. CBIRC issues guidelines for protecting personal information when applying fintech. Pre-installed applications on smartphones need to comply with personal information collection requirements.
