Foreign Direct Investment

• Comments on the CAC’s Second Data Transfer Q&A

  A new policy Q&A document has been published by China’s data regulator. Xiangxiang Ma of Anjie Broad Law Firm examines this next vital step in the evolution of China’s framework of data transfer regulations

  January 09, 2026

  

• In the News: Reverse CFIUS Codified; Trump Orders CFIUS-Led Tech Company Divestment; and Tighter Drone Regulations

  Trump signs defense bill including restrictions on U.S. outbound investments into China. | Trump orders HieFo to divest acquired technology on national security grounds. | China includes drones into Civil Aviation Law in major overhaul

  January 04, 2026

  

• Key Requirements and Compliance Guidance of Beneficial Ownership Information Filing for Entities in Mainland China

  Jianwei (Jerry) Fang, Rui Yang, Songyang Wang and Chen (Cissy) Chen of Zhong Lun Law Firm explain a new transparency drive requiring companies, partnerships, and foreign companies’ branch offices in Mainland China to file beneficial ownership information with local authorities. The authors outline the critical aspects of the new rules, including the scope of entities subject to the filing, the identification of beneficial owners, key deadlines, and the importance of timely compliance

  December 18, 2025

  

• Measures for the Certification of the Overseas Transfer of Personal Information

  个人信息出境认证办法

  Specific details on certification of oversea transfers of personal data are set forth / CLP Reference: 5600/25.10.14 ; Promulgated: 2025-10-14 ; Effective: 2026-01-01

  December 05, 2025

• In the Spotlight: Revisions to China’s Far-Reaching Anti-Unfair Competition Law

  Jianwei (Jerry) Fang, Qianwen Gu and Jia Geng of Zhong Lun Law Firm examine recent changes to China’s primary competition legislation which could have effects far beyond the country’s borders

  November 20, 2025

  

• In the News: US Scrutiny of Morgan Stanley HK IPO; First Foreign AI Approvals in China; and Indonesia Panda Bonds

  U.S. House panel intensifies scrutiny of Morgan Stanley over IPO linked to Uyghur forced-labor entity. | Three foreign carmakers obtain approval to deploy AI chatbots in cars in China. | Indonesia considers issuing renminbi-denominated bonds amid China’s push against dollarization.

  November 20, 2025

  

• In the News: Beijing Cross-Border Data Negative List; AI Prompt Copyright Case; and Starbucks Sells 60% of China Unit

  Beijing Municipality considers adopting other negative lists of outbound data transfer programs nationwide | Court rules that AI prompts are not “works” hence not copyright-protected. | U.S. coffee giant shifts to joint venture model amid slowing growth and fierce competition in China.

  November 13, 2025

  

• In the News: Compliance Challenges in EU; Chinese Drug Procurement Rules Reforms; and Cross-Border ETFs

  China’s self-driving cars need to adapt to EU tech compliance regulations | Winning bids for drug procurement contracts to be kept confidential as regulators aim to balance competition and sustainability | China adds U.S.-linked ETFs in latest expansion of cross-border ETF Connect program

  November 05, 2025

  

• China Securities Regulatory Commission, People’s Bank of China and State Administration of Foreign Exchange, Announcement on Further Supporting the Engagement in Bond Repurchasing on the PRC Bond Market by Foreign Institutional Investors

  中国证券监督管理委员会、中国人民银行、国家外汇管理局关于进一步支持境外机构投资者在中国债券市场开展债券回购业务的公告

  China allows QFIIs to engage in bond repos / CLP Reference: 3700/25.09.26 ; Issued: 2025-09-26 ; Effective: 2025-09-26

  November 04, 2025

• In the News: EU Forced Tech Transfers; Cross-Border Data Transfer; and Chinese Regulators Fine 6 Lenders

  Forced tech transfers are a possible precondition for Chinese firms in Europe. | China closes unclarified aspects of the cross-border data transfer regime. | Over RMB 11 million in penalties signal banking regulators’ focus on data security and risk control.

  October 30, 2025