The CBIRC sets requirements on wealth management business of bank subsidiaries while relaxing foreign bank businesses, and limits on maximum amounts of e-commerce retail import purchases are raised
China and the U.S. on a 90-day trade war truce; fentanyl now a controlled substance; new securities and futures disputes guidelines; and growth in Chinese overseas portfolio investments.
Global leaders spent two days at the "Hamburg Summit: China Meets Europe" discussing collaboration, opportunities and challenges between China and the EU, especially in light of the Belt and Road Initiative.
China defines systemically important financial institutions, and foreign investors are offered tax exemption for bond investments and encouraged to engage in debt-for-equity swaps
Global officials and entrepreneurs meet in Hamburg for Belt and Road Initiative; Shanghai FTZ reports 5.8% import-export increase; and legislators prepare to regulate artificial intelligence.
Local government bonds are offered to individual investors; information disclosure of restructurings of listed companies is simplified; and Hong Kong, Macao and Taiwan residents will enroll in the same social insurance schemes as local mainland residents
Amended regulations for patent agents will take effect in March 2019; trading of ethanediol futures on the Dalian Exchange starts in December; and the Supreme Court is updating China's online court documents depository.
Blockchain information services will be subject to record filing, listed companies are encouraged to buy back their shares and insurance capital may be invested to alleviate liquidity risks of listed companies
Top CSRC official said Shanghai-London Stock Connect will launch by year's end; China and Singapore sign agreement to upgrade Free Trade Agreement; and the Supreme People's Court plans new guidelines to separate commercial disputes from economic crimes.
The Hong Kong International ArbitrationCenter (HKIAC) introduced a new version of itsAdministered Arbitration Rules (2018 Rules) whichcame into effect on November 1. The 2018 Rulesintroduce amendments relevant to the use oftechnology, third party funding, multi-party andmulti-contract arbitration, among others. AlfredIp of Hugill & Ip summarizes the newly enforcedamendments
