Most high-tech MNCs expect greater difficulties in China even with more market access; Chinese investment in Australia plummets in 2020 amid pandemic and regulatory scrutiny; and China approves Schroders majority-owned wealth management JV
Commercial banks are not allowed to engage in cross-region online lending. CBIRC strengthens regulation of reputational risk, as well as anti-money laundering and anti-terrorist work of commercial banks.
SAMR details the specifics on review of concentrations of business operators
CSRC imposes requirements for adding new shareholders prior to an IPO application
CBIRC finalizes online lending rules requiring strict loan finance ratios; U.S. Chamber of Commerce warns of dire economic impact of decoupling; and China replaces U.S. as EU's biggest trading partner in goods
2020 was a significant year for personal information protection in China. Jerry (Jianwei) Fang and Wenpei Yu of Zhong Lun Law Firm examine the year's important developments.
Data possession constitutes a crucial factor in determining platform monopoly, Shenzhen allows PE firms to invest in the A-share market and CSRC imposes requirements for adding new shareholders prior to an IPO application.
CBIRC adds more specifics to the evaluation of directors and supervisors of banks and insurance companies
The Draft strengthens governance of independent directors
Market makers will no longer be set by product
