China's proposed amendment of its state secrets law has alarmed foreign businesses; a U.S. Congressional committee will probe Sequoia over its China tech investments; and China will scrap its price cap on land sales to revive its property market
SAMR sets forth permit requirements for drug dealers. Lawful property rights of private enterprises is protected. Qualified third-party enterprises engaged in pollution prevention and treatment enjoy reduced tax rate.
U.S. further restricts export of chips to curb China's technological advancement; China bans domestic brokerages from offshore trading in order to stabilize its currency; and Chinese court continues to not recognize crypto lending in civil litigation cases
CAC relaxes cross-border data transfers by multinationals. A handler of key data or core data in the industry and information technology sector shall complete data security risk assessments. Intellectual property infringements are required to be identified when providing generative AI services.
China proposes to allow businesses to transfer certain types of data overseas without restrictions; IBM's former IT services arm Kyndryl plans to split its China business over data security rules and tech restrictions; and Shenzhen's government introduces initiatives to raise funding for local tech companies amidst U.S. tech restrictions
Beijing promotes free flow of ordinary data for foreign-invested enterprises. Shanghai allows free flow of foreign capital for foreign investors. Shanghai and Shenzhen Stock Exchanges prohibit shareholding reductions.
GGV capital is breaking up its business into two, separating its Asia partnership; A Shanghai court has recognized Bitcoin as a currency; and China eases capital controls in an effort to attract foreign investment.
China approves the U.S. listing plans of VIE-structured company CheChe; Chinese IP court helps mediate dispute between Dyson and Dreame; and CSRC proposes rules to encourage companies to pay their dividends
CIETAC accepts application for early dismissal of arbitration claims. SAMR does not compel an enterprise to separately establish a compliance system for concentrations of business operators. China issues rules for data asset appraisal.
China's cybersecurity laws are heavily enforced for businesses of all sizes; Chinese Gotion receives CFIUS approval to build an EV battery facility in Illinois; and Former SEC Chair proposes large public companies disclose their exposure to China
