Manufacturing and service industries further opens up to foreign investment but loophole allowing foreign investment in restricted sectors is plugged; food producers warn of major disruptions as all foodstuffs now subject to import regulation; and trial macroprudential policy guidelines provide key definitions and high-level guidance for managing systemic financial risks
SPC issues draft provisions protecting consumer rights in online trading disputes. Injunctive preservation measures may be imposed on eco-environmental tort cases. CSRC permits Chinese firms listing overseas with VIE structure.
CSRC permits Chinese companies to list overseas with VIE structure after filing; SEC updates disclosure guidance for China-based companies to highlight VIE risks; and Xinjiang forced labor ban signed into law
CBIRC revises regulations to enhance the effective use of insurance capital. Wealth management companies shall consider impact of sales agency on liquidity risk. Project approval procedures are streamlined.
PCAOB accuses PRC authorities of not allowing inspection and investigations of audits; E-commerce live streamer "Viya" fined USD$210 million for tax evasion and social media accounts suspended; and credit card regulation on the horizon
Live streamers may bear advertising liability. Commercial banks may calculate their exposure to the default risk of the derivative transaction counterparty on a net basis. Beijing is the first in the country to permit paid autonomous driving travel experience services.
OFAC prohibits U.S. investments in AI company SenseTime, Hong Kong listing postponed; CBIRC to remove foreign ownership cap for insurance asset management firms; MIIT orders removal of 106 apps over data violations
CBIRC allows involvement of insurance capital in securities lending. SAMR sets forth criteria for calculating illegal income. Disability compensation equality for urban and rural residents.
Public outrage at Canada Goose's discriminatory return policy; SEC rules implement submission and disclosure requirements for U.S.-listed foreign companies; e-cigarettes to be regulated as a tobacco product
Shanghai protects the personality and property rights of natural persons in their personal information. Insurance group companies are allowed to invest in non-insurance subsidiaries. Guangdong issues rules on qualified domestic limited partnerships.
