China Law News

Goldman Sachs set for full ownership of Chinese securities JV; U.S. Treasury fails to identify any financial institutions for secondary sanctions under Hong Kong Autonomy Act; FCC launches official review of China Telecom's operations in the U.S.

SPC clarifies producer and dealer's liability for food safety compensation, pre-tax deduction on advertising expenses continues for pharmaceuticals and leverage ratio is used as a criterion for evaluating systematically important banks

U.S. House unanimously passes Holding Foreign Companies Accountable Act; China releases first export control list under new regime, targetting encryption technologies; CBIRC publishes shadow banking report, defining sector for first time

A party may file applications for arbitration enforcement with both the mainland China court and Hong Kong court respectively, e-commerce platforms are required to set guidelines for handling IP infringement and mobile apps are restricted to collection of necessary personal information.

Hong Kong-mainland Stock Connect expands to include STAR Market-listed and pre-revenue biotech firms; Trump administration set to impose export control restrictions on 89 Chinese companies deemed to be tied to Chinese military; and zero P2P lenders in China following regulatory crackdown according to CBIRC official

Foreign financial institutions are allowed to invest in trust companies, an administrative reconsideration may be filed for improper government disclosure of information of citizens or entities and insurance companies bear legal liability for authorized acts of their agents.

Fangda Partners and Jingtian & Gongcheng are among the top winners of the 14th annual event honoring the leading firms and lawyers on China-related matters.

AmCham Shanghai survey indicates optimism among U.S. businesses in China about Biden administration; Hong Kong stock exchange slashes IPO settlement process from average five business days to one; and State Council approves launch of SAMR-led 17-department task force tackling unfair competition

SPC specifies the adducement of evidence by the plaintiff as well as the defendant of civil IP disputes and the handling of copyright disputes over attribution. CBIRC eliminates the industry restrictions on insurance institutions' financial equity investment.