Clear users' consent is required for processing information by an App. Foreign banks are exempted from risk exposure requirements. Catering service providers are required to provide clear information to customers to prevent waste of food.
China failing to protect U.S. companies' IP according to USTR report; French banking giant BNP Paribas applies for securities business; and PRC Futures Law submitted to NPCSC for first reading
Operators of critical information infrastructure bear heightened counter-espionage security obligations. Live streaming marketing platforms are required to protect consumer rights and personal data privacy. MIIT issues the first draft guidelines for intelligent connected vehicles.
Guangzhou Futures Exchange opens, offering hedging tools for imminent nationwide carbon trading market; PBOC removes eligibility of fossil fuel projects for green bond financing; and State Council approves services opening-up in four regions and cities
Foreign producers of specific foodstuffs require recommendations by their relevant government department. The scope of jurisdiction of the Shanghai Financial Court is expanded to included foreign-related cases. Financial technology enterprises are restricted to list on the STAR Market
PBOC sets forth qualifications standards for senior executives of financial holding companies in line with international and domestic experiences, as well as improving the operation of the interbank bond market. Guangzhou issues the first guidelines on e-commerce live streaming.
Biden administration adds seven Chinese supercomputing entities to Entity List; SAMR issues record antitrust fine on Alibaba over market dominance abuse; and new measures released for Hainan free trade port
Manufacturers are offered greater tax deduction on R&D expenses, laboratory-developed tests are given the green light and new buildings in county seats may be subject to environmental restrictions.
