Legal

Law firms and accounting firms are required to carry out record filing for providing services for securities offering. Insurance companies' allocation of equity assets is subject to oversight according to their solvency. Online platform operators may bear e-commerce operator obligations for live streaming marketing.

Scott Yu, Frank Jiang, Rachel Li, Emily Xu and Derek Liu of Zhong Lun Law Firm discuss a recent joint venture between Yum China and Mininglamp that the firm advised on involving a variable interest entity (VIE) structure that received unconditional clearance from the State Administration for Market Regulation (SAMR), which is the first case of its kind in China. They also highlight key issues arising in a merger filing involving a VIE structure and offer some key practical guidance for VIE structured companies

The Supreme People's Court issues the first guidelines on trial of bond disputes

The interbank bond market and stock exchange bond market are integrated

The interbank bond market and stock exchange bond market in China are integrated, online loans may not be used for securities trading and Shenzhen tightens property curbs again.

Data Security Law draft governs China-related data activities outside China.

The interbank foreign exchange market launches prime brokerage business

Jianwei (Jerry) Fang and Wenpei Yu of Zhong Lun Law Firm discuss the main features of the Draft Data Security Law including the definition of data, clarification of the scope of regulatory power, the new data mechanism, export control measures and increased penalties

Trump strengthens sanctions over Hong Kong with executive order; China integrates fragmented bond markets to facilitate greater investment; U.K bars Huawei equipment from 5G networks citing U.S. sanctions