China joins the WIPO treaty on protecting industrial designs; Hong Kong, mainland M&A hits record heights in 2021 despite regulatory headwinds; and e-CNY to be piloted in retail shops across Hong Kong
Online information providers are required to inform customers of deep synthesis. Securities deal counterparties may be held liable for misrepresentation. Financial institutions are given due diligence instructions on corporate customers.
Regulation of platform economy to focus on anti-trust, data security, and personal information protection; U.S. might ban import of rare earth metals from China for military use; new process to expedite application of certain trademarks
CSRC unifies rules on A-share spin offs for overseas listings and imposes extra regulatory requirements on large money market funds. Rapid trademark filing reviews may be offered to applications that concern state interests.
CSRC proposes introducing DVP for institutional stock investors; FDI hits another record high in 2021 despite pandemic; and MIIT calls on light industry enterprises to upgrade products
Throughout 2021, China's legislative and enforcement authorities accelerated their all-encompassing regulation of the country's TMT sector, from anti-monopoly enforcement against internet platform giants to further crackdowns on cryptocurrencies, as well as tightening controls on the Internet content industry and online games. Casper Sek of Jingtian & Gongcheng discusses these challenges and the broader context of the regulators' continuing positive attitude towards new technology and overarching goal of safeguarding national security.
