Law Digest

• China Banking and Insurance Regulatory Commission, Measures for the Comprehensive Regulatory Rating of Branches of Foreign Banks (Trial Implementation)

  中国银行保险监督管理委员会外国银行分行综合监管评级办法 （试行）

  Core elements of regulatory rating of foreign bank branches place more emphasis on compliance

  January 20, 2023

• China Securities Regulatory Commission and Ministry of Justice, Measures for the Administration of the Engagement in Securities Law Practice by Law Firms (Draft for Comment)

  中国证券监督管理委员会、司法部律师事务所从事证券法律业务管理办法 (征求意见稿)

  CSRC expands the scope of securities law practice of law firms

  January 03, 2023

• Supreme People's Court, Provisions on Several Issues Concerning the Application of the Law in the Trial of Civil Monopoly Dispute Cases (Draft for Public Comments)

  最高人民法院关于审理垄断民事纠纷案件适用法律若干问题的规定 (公开征求意见稿)

  Parties may institute a civil case against monopolistic acts outside of mainland China.

  December 21, 2022

• State Administration for Market Regulation, PRC Anti-Unfair Competition Law (Bill of Amendment, Draft for Comments)

  国家市场监督管理总局中华人民共和国反不正当竞争法 (修订草案征求意见稿)

  Anti-unfair competition law draft prohibits improper use of others' commercial data

  December 21, 2022

• China Securities Regulatory Commission, Tentative Provisions for the Administration of the Investment in Publicly Offered Securities Investment Funds by Personal Pensions

  中国证券监督管理委员会个人养老金投资公开募集证券投资基金业务管理暂行规定

  CSRC specifies the types of public funds that a private pension may invest in.

  December 12, 2022

• PRC Law on the Regulation of the Banking Industry (Revised Draft for Comments)

  中华人民共和国银行业监督管理法 (修订草案征求意见稿)

  Banks may not transfer business data overseas without authorization.

  December 02, 2022

• General Offices of the China Banking and Insurance Regulatory Commission, Ministry of Housing and Urban-Rural Development and People's Bank of China, Circular on the Work Associated with the Issuance by Commercial Banks of Letters of Guarantee in Exchange for Pre-Sale Escrow Funds

  中国银行保险监督管理委员会办公厅、住房和城乡建设部办公厅、中国人民银行办公厅关于商业银行出具保函置换预售监管资金有关工作的通知

  High-quality real estate enterprises are supported by letters of guarantee.

  December 02, 2022

• Secretariat of the National Information Security Standardization Technical Committee, Information Security Technology - Basic Security Requirements for Applications Pre-Installed on Smartphones (Draft for Comments)

  全国信息安全标准化技术委员会秘书处信息安全技术 智能手机预装应用程序基本安全要求 (征求意见稿)

  Pre-installed applications on smartphones need to comply with personal information collection requirements.

  November 29, 2022

• State Council, Official Reply on Consenting to a Temporary Adjustment in the Implementation of Relevant Administrative Regulations in Tianjin, Shanghai, Hainan and Chongqing

  国务院关于同意在天津、上海、海南、重庆暂时调整实施有关行政法规规定的批复

  State Council relaxes foreign investment in outbound tourism and elderly care.

  November 29, 2022

• Secretariat of the National Information Security Standardization Technical Committee, Cybersecurity Standard Practice Guidelines: Specifications for the Security Certification of Cross-Border Personal Information Processing Activities V2.0 (Draft for Comments)

  全国信息安全标准化技术委员会秘书处网络安全标准实践指南—个人信息跨境处理活动安全认证规范V2.0 (征求意见稿)

  New guidelines specify legal liability of personal information processor and the foreign data recipient.

  November 18, 2022