Chinese court imposes stringent requirements on NFT marketplaces to monitor copyright compliance; New rules on dissemination of false and price-sensitive information and pricing; Heightened burden on live-streaming platforms to protect minors
Draft law to boost protection against systemic risks; SPC amends rules on summary procedures, service of litigation documents, small claims, and judicial confirmation; Policymakers aim to knock down localism and unify market standards
Corporate deregistration is made easier
Businesses to receive VAT refunds; plans to improve China's corporate bond market outlined; brand new requirements to develop technology ethically
Crypto-fundraising criminally outlawed; Delisting process to be streamlined and modernized; Controversial anti-spying initiative comes to an end
Interbank bond market to see changes in subject bond requirements, documentation, risk management, and collateral; rules governing processors of "important and core data" are tightened; Ministry of Education aims to strengthen enforcement actions against non-compliance private tutoring institutions
2021 regulatory trends in China, including antitrust, data privacy, sanctions, healthcare, PE/VC, capital markets, IP, banking & finance, TMT and arbitration.
Company Law draft amendments allow for simple merger procedures
The U.S. adds 12 Chinese entities to its export blacklist; Rules regulating listed companies to be consolidated; Didi ordered by regulators to delist from NYSE
Hong Kong has played a key role in familiarizing PRC clients with tightening ESG requirements, lawyers say, and it will continue to do so as the city further bolsters rules in this area
