Law Digest

• People's Bank of China, Regulations on Non-bank Payment Institutions (Draft for Comments)

  中国人民银行关于《非银行支付机构条例 (征求意见稿)》

  PBOC defines market dominance for non-bank payment institutions

  January 29, 2021

• Supreme People's Court, Supplemental Arrangement Concerning Mutual Enforcement of Arbitral Awards Between the Mainland and the Hong Kong Special Administrative Region

  最高人民法院关于内地与香港特别行政区相互执行仲裁裁决的补充安排

  A party may file applications for enforcement of an arbitral award with both the mainland China court and Hong Kong court respectively

  January 22, 2021

• Shanghai Municipality, Guidelines on Competition Compliance of Business Operators

  上海市经营者竞争合规指南

  Shanghai publishes the first local guidelines on competition compliance

  January 22, 2021

• Ministry of Commerce, Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures

  商务部阻断外国法律与措施不当域外适用办法

  Chinese companies may request compensation for unjustified foreign sanctions.

  January 15, 2021

• China Banking and Insurance Regulatory Commission, Tentative Measures for the Administration of the Sale of Wealth Management Products by Wealth Management Subsidiaries of Commercial Banks (Draft for Comments)

  中国银行保险监督管理委员会商业银行理财子公司理财产品销售管理暂行办法 (征求意见稿)

  Platform operators are not allowed to engage in wealth management.

  January 15, 2021

• National Development and Reform Commission and Ministry of Commerce, Negative List for Market Access (2020 Version)

  国家发展改革委、商务部市场准入负面清单 (2020年版)

  Qualifications recognition of mining assessors is relaxed

  January 08, 2021

• China Banking and Insurance Regulatory Commission, Circular on Matters Relevant to Optimizing the Oversight of the Investment Management Capabilities of Insurance Institutions

  中国银行保险监督管理委员会关于优化保险机构投资管理能力监管有关事项的通知

  CBIRC removes the record filing requirement regarding the investment management capabilities of insurance companies

  December 23, 2020

• Supreme People's Court, Interpretation on Several Issues Concerning the Application of the Law in Trial of Civil Food Safety Dispute Cases (1)

  最高人民法院关于审理食品安全民事纠纷案件适用法律若干问题的解释（一）

  SPC clarifies producer and dealer's liability for food safety compensation

  December 18, 2020

• Ministry of Justice, PRC Administrative Reconsideration Law (Amended) (Draft for Comments)

  司法部中华人民共和国行政复议法 (修订) (征求意见稿)

  An administrative reconsideration may be filed for improper government disclosure of information of citizens or entities

  December 18, 2020

• China Banking and Insurance Regulatory Commission, Provisions for Oversight of Insurance Agents

  中国银行保险监督管理委员会保险代理人监管规定

  Insurance companies bear legal liability for authorized acts of their agents

  December 11, 2020