The Supreme People's Court has issued the 3rd set of guiding opinions clarifying the trial of COVID-19 related force majeure cases. It has also published two law drafts on the burden of proof and amount of losses of trade secrets in IP cases.
ChiNext finalizes reforms liberalizing listing process while tightening disclosure requirements; Hong Kong sees major secondary listings in quick succession with Nasdaq-listed NetEase and JD.com; and American Express becomes first foreign player approved to offer card-clearing services in China
The Supreme People's Court has issued three law drafts clarifying the commercial value of trade secrets and liability of online service providers and e-commerce platform operators in IP infringement cases. Stricter regulation is imposed on lease financing companies in a bid to control risks.
Major plan for Hainan to become globally-recognized free trade port released; Swiss bank Credit Suisse takes majority control of securities JV; and U.S.-China animosity extends to aviation industry with bans and walk backs
Business financing is supported by allowing New Third Board companies to transfer and list on other boards, as well as allowing securities companies to publicly offer subordinated debt. Commercial cryptography products require certification.
U.S. to strip Hong Kong of special trade privileges; China adopts its first-ever civil code; and more entry exemptions on the horizon for select countries
China's first Civil Code protects personal information, CBIRC relaxes insurance capital investment in bank capital replenishment bonds and the central pricing catalogue is downsized again.
Beijing imposes national security law on Hong Kong; U.S. adds more Chinese entities to Entity List; and Alibaba, Xiaomi set to join benchmark Hong Kong index
The Supreme People's Court has issued a second set of opinions guiding trials of COVID-19 disputes arising from change in costs, forex control is relaxed to facilitate e-commerce and measures are issued to welcome the return of red-chips to the China stock market.
