China Law News

PBOC publishes draft law revision with new provisions on digital currency; SAFE official announces plans to roll out new QDII outbound investment quotas; and 2020 "Sword Net" operation to look into unfair competition in e-commerce sector

Revised Patent Law enhances protection of designs; goods, services and technologies could be subject to ad hoc China export control; and online trading operators are required to secure consent of users when collecting their personal information.

Foreign companies, including third country companies, face conflicting regulatory obligations amid tit-for-tat U.S.-China export control reforms

NPCSC passes new biosecurity law targeting human genetic resources management and collection; national omnibus export control law adopted amid trade war tensions; and amended patent law further strengthens IP protection in China

The personal information law draft defines sensitive personal information and its protection. Online insurance business may use social media marketing. Large fines are imposed to protect financial consumer rights.

New comprehensive reform plan for Shenzhen targeting fintech and financial sectors; new development plan for new energy vehicles promotes fast-charging stations and public service integration; and new State Council opinions proposes measures to improve quality of listed companies

CBIRC specifies requirements of the countercyclical capital buffer mechanism and removes the record filing requirement regarding the investment management capabilities of insurance companies. Securities companies are required to internally monitor insider information management.

FTSE Russell to become third major index provider to include China bonds; Luckin Coffee slapped with massive fine by SAMR; and Segway maker Ninebot to become first VIE entity to list in mainland

QFIIs and RQFIIs are allowed to invest in private funds and derivatives, State Council eases investment procedures for telecommunications services, oil products and QFIIs, and CBIRC governs investment of insurance capital in debt-for-equity plans by grade