Important and core data are required to be stored in mainland China. Shanghai issues the first data compliance guidelines. Favorable tax policy is offered to REITS.
2021 regulatory trends in China, including antitrust, data privacy, sanctions, healthcare, PE/VC, capital markets, IP, banking & finance, TMT and arbitration.
China joins the WIPO treaty on protecting industrial designs; Hong Kong, mainland M&A hits record heights in 2021 despite regulatory headwinds; and e-CNY to be piloted in retail shops across Hong Kong
Online information providers are required to inform customers of deep synthesis. Securities deal counterparties may be held liable for misrepresentation. Financial institutions are given due diligence instructions on corporate customers.
Regulation of platform economy to focus on anti-trust, data security, and personal information protection; U.S. might ban import of rare earth metals from China for military use; new process to expedite application of certain trademarks
CSRC unifies rules on A-share spin offs for overseas listings and imposes extra regulatory requirements on large money market funds. Rapid trademark filing reviews may be offered to applications that concern state interests.
CSRC proposes introducing DVP for institutional stock investors; FDI hits another record high in 2021 despite pandemic; and MIIT calls on light industry enterprises to upgrade products
Company Law draft amendments allow for simple merger procedures. CNIPA issues rules to regulate foreign IP agencies. Financial institutions shall bear management responsibilities when engaging third-party online marketers for their financial products.
Groundbreaking algorithm recommendation regulation finalized; CSRC pilots market makers for STAR Market; and copyright administration prohibits digital music exclusive copyright arrangements
Car manufacturing is no longer on the Negative Lists. A mobile app distribution platform shall authenticate the true identity information of app providers. An algorithmic recommendation service provider shall inform the user in a conspicuous manner of its provision of algorithmic recommendation services
