Increase in venture capital into China marks recovery of sector | U.S. state attorneys general target TP-Link, Lorex and Temu in widening push over privacy and security | China’s investments into Central Asia create integrated economic ecosystems
New enterprise bankruptcy draft deals with cross-border bankruptcy cases. SPC specifies invalid amendments of articles of association. Trust companies’ scope of business is changed.
U.S. export controls extended to subsidiaries of Chinese companies | PBOC broadens foreign access to its bond market by aligning China’s repo framework with global standards | U.S. court rules that DJI failed to counter proof of its military links.
China allows QFIIs to engage in bond repos. Practical guidelines define various AI security emergencies. Large online platforms are required to set up committees to protect personal information.
Eight landmark AI judgments set precedents on AI-related infringement. | China attempts to displace the U.S. and Germany in determining industry standards. | Increased foreign interest in Chinese stocks adds US$3 trillion to market.
Registration of the basic particulars of the upfront expenses in domestic direct investments is abolished. IP transfer and appraisal might involve national security compliance. Accounting firms could be required to take enhanced client due diligence measures.
U.S. pharma raises alarm over Trump’s proposed measures against Chinese drugs; China clarifies the type of employees to be bound by non-compete clauses; and Some stablecoin issuers complain that Hong Kong’s regime is too stringent.
New rules set forth economic compensation for complying wih non-compete restrictions. Revised Arbitration Law provides for pre-arbitration preservation. Shanghai specifies rules on hiring foregin lawyers in Shanghai domestic law firms.
Shanghai puts forward measures to boost foreign-advice business of Chinese law firms; JP Morgan and Bank of America subpoenaed by Congress over CATL IPO; and Nasdaq to require Chinese companies to raise $25 million in IPOs.
Anonymization of personal information needs to satisfy de-identification and irreversibility. Criteria are set forth for cross-border delivery services provided by foreign financial infrastructure operators. Commercial banks are permitted to serve as deposit banks for capital guarantee funds of insurance companies..
