CSRC permits Chinese companies to list overseas with VIE structure after filing; SEC updates disclosure guidance for China-based companies to highlight VIE risks; and Xinjiang forced labor ban signed into law
Both multinationals and domestic companies have already enacted changes to their internal policies and operations in response to China's new data and personal information processing requirements, from human resources management to customer privacy authorizations
CBIRC revises regulations to enhance the effective use of insurance capital. Wealth management companies shall consider impact of sales agency on liquidity risk. Project approval procedures are streamlined.
PCAOB accuses PRC authorities of not allowing inspection and investigations of audits; E-commerce live streamer "Viya" fined USD$210 million for tax evasion and social media accounts suspended; and credit card regulation on the horizon
Live streamers may bear advertising liability. Commercial banks may calculate their exposure to the default risk of the derivative transaction counterparty on a net basis. Beijing is the first in the country to permit paid autonomous driving travel experience services.
