CBIRC expands the scope of due diligence on banking customers, commercial banks should strengthen their liability quality management in six aspects and allocation of carbon emission allowances will be conducted for free at the initial stage.
Most litigation proceedings have returned to normal in China, but travel restrictions mean that foreign parties must take advantage of online solutions
Litigating from abroad has been made easier by relaxed rules surrounding document submission and virtual litigation proceedings
Foreign insurance group companies and non-insurance financial institutions may become shareholders of foreign-invested insurance companies
SEC unveils amendments to implement law targeting U.S.-listed Chinese companies; China outlines plans to improve workers' protections in platform economy; and NDRC streamlines approvals process for foreign investment in encouraged industries
CSRC redefines major shareholders of securities companies
CSRC redefines major shareholders of securities companies and tightens corporate management's information disclosure obligations. The pilot project for cross-border e-commerce retail import is expanded.
CSRC implements a registration system for corporate bond offerings
CNIPA defines irregular patent filings
Dragon Wang and Yannan Li of Sitao IP discuss the several aspects of the SPC's recent judicial interpretation on punitive damages, namely clarity provided to what is meant by "willful" and "malicious", serious circumstances, how calculation base of punitive damages is determined and key takeaways from the interpretation
