SAMR defines the commercial value of trade secrets, SAT clarifies calculation of resource tax on third party purchases, and medium and small shareholders may participate in corporate governance more easily.
China issues draft rules easing foreign access to onshore bond markets; Citigroup becomes first U.S. bank to receive fund custody license; and Yum China bags $2.2 billion in Hong Kong secondary offering
Export of some technologies may now require approval from local authorities. Independent fund sales institutions are not allowed to sell PE/VC funds on an agency basis. Foreign investors may complain to higher-level authorities if not satisfied with a complaint handling.
Wan Jia, Liu Sichen and Hannibal El-Mohtar of Anjie Law Firm highlight some of the practical aspects of the SPC Guiding Opinions and their roles in the trial, practice and resolution of COVID-related cases
China restricts AI exports, TikTok sale in jeopardy; Mengniu's Australian purchase falls through with no government approval forthcoming; JPMorgan buys out mutual fund JV partner for $1 billion
