China passes its first law to manage its derivatives market. Foreign telecom investors are given more flexibility in terms of investment percentage and application procedures. Banking and insurance institutions are encouraged to provide financial support for low-carbon highway projects
Industry associations ban NFT use for issuing financial assets; Shanghai government paves way for potential resumption of production activity under closed-loop management; and livestreaming video games banned for certain platforms
Draft law to boost protection against systemic risks; SPC amends rules on summary procedures, service of litigation documents, small claims, and judicial confirmation; Policymakers aim to knock down localism and unify market standards
Foreign banks are given more flexibility in offering capital instruments and bonds. China allows disclosure of files of domestic companies to overseas listing regulators. Criteria for summary procedure are revised to increase efficiency.
CSRC proposes an update to confidentiality rules for overseas listings; Shanghai rolls out 21 economic relief measures for firms amid lockdown; and social credit to be further developed, more integration in capital markets
Legal and IP services require market access permission. Design patent fees are specified. Mainland China and Hong Kong issued an arrangement on matrimonial and family cases.
Multinational corporations with both a U.S. and China presence may increasingly find themselves caught between two legal systems as both countries implement regulations that seek to achieve diametrically opposite objectives. What are the issues and how should companies prepare and respond?
VIE structure is clarified and recognized in human genetic resources projects. Self-examination of medical device production and permit exemption for sale of medical devices are added to revised regulations.
Stock clearing agency cuts stock settlement fees, extends support to COVID-hit regions; Three Chinese companies plan to sell depository receipts in Zurich; and MEE slams fraudulent carbon emissions data verification practices
