China issues draft rules easing foreign access to onshore bond markets; Citigroup becomes first U.S. bank to receive fund custody license; and Yum China bags $2.2 billion in Hong Kong secondary offering
Export of some technologies may now require approval from local authorities. Independent fund sales institutions are not allowed to sell PE/VC funds on an agency basis. Foreign investors may complain to higher-level authorities if not satisfied with a complaint handling.
China restricts AI exports, TikTok sale in jeopardy; Mengniu's Australian purchase falls through with no government approval forthcoming; JPMorgan buys out mutual fund JV partner for $1 billion
An intellectual property transfer may lead to a filing for a concentration of business operators. The acceptance of an undertaking of a business operator does not affect the determination of a monopolistic act. Permit requirements for unmanned civil aircraft are specified.
Trump administration tightens choke-hold on Huawei's global access to chips; China to trial direct access for foreign investors to interbank bond market; and index provider MSCI launches climate change indexes for China stocks
The first reporting investor may be exempted from antitrust penalties, new auto industry guidelines list acts that could be found to be an abuse of dominant market position and applicants for administrative permission are required to expressly indicate the key confidentiality points.
U.S. business group survey indicates companies are not leaving China market; digital currency pilot set for expansion to major Chinese cities; and foreign nationals from 36 European countries allowed entry into country
The case against TikTok is the latest example of growing U.S. scrutiny of the overseas operations of Chinese companies amid worsening relations between the two countries. The U.S. is especially concerned about potential Chinese access to the personal data of U.S. citizens.
The new Deed Tax Law uniformly increases the deed tax rate, the time to pay urban maintenance and construction tax is specified and more flexibility is allowed in infrastructure investment of REITS.
Trump issues executive orders barring transactions with WeChat, TikTok after 45 days; U.S. officials recommend delisting non-compliant Chinese firms by 2022; China introduces tax, investment incentives for domestic chipmakers
