SPC clarifies application of international practice in foreign-related civil and commercial cases. Rules for deregistration of companies are revised. Revised Patent Law rules specify compensation requests for an invention patent term for a new drug.
CSRC reduces the commission rate on the securities transactions of public funds
People's Court clarifies liability for breach of non-compete clauses
China restricts export of personalized push services based on AI algorithms; JD.com wins anti-monopoly case with record damages; and China amends Criminal Law to increase punishment for corruption
Casper Sek of Jingtian & Gongcheng examines new implementation guidelines for data transfers and explains how these fit into the wider context of cooperation within the Greater Bay Area, as well as how companies will benefit
The U.S. issues renewed national security legislation focusing on defense contracts with Chinese military companies; China amends its Company Law to strengthen the rights of shareholders; and China's top court set up a case database to standardize adjudication across the country.
Public may no longer be able to access court rulings as CJO database might be closing; Analysts worry a new CSRC draft might lead to problems with start-up financing; and China proposes a four-tier classification system to deal with data breaches
Personal data transfer within the Greater Bay Area is made more convenient. Supreme People's Court clarifies what constitutes "a material change" in a contract, as well as liability for breach of non-compete clauses. CSRC reduces the commission rate on the securities transactions of public funds.
Trust companies are rated for different levels of regulation
Banks' loss provisions will be counted as part of net capital
