Legal

Hong Kong buyers make first cross-border CCER deal under new national ETS; Arbitration Law proposed revisions released to align further with international practice; and Standard Chartered application for securities venture accepted by CSRC

The scope of matters that may be arbitrated is expanded. Government authorities are required to conduct a fair competition review when formulating regulations. Important data of intelligent connected vehicles require security assessment when transferred abroad.

Artificial intelligence medical software products are defined

Beijing Municipality promotes the establishment of private equity secondary market funds

Ting Wu of Haiwen & Partners raises some questions to highlight how China's newly implemented drug patent linkage system attempts to resolve drug patent disputes in the early stages, which will have a sweeping impact on market entry strategies for chemical drugs in China

JPMorgan becomes first fully foreign-owned securities venture in China; Fidelity approved to set up new fully-owned mutual fund business; and SEC approves new board diversity quota and disclosure requirements

Several major Chinese law firms have set up new offices in Hainan since 2018

Land owners shall be informed if rights to collectively-owned land is transferred. Application for the simplified procedure for advance pricing is made easier. Monitoring of reinsurance outside mainland China is reinforced.

An early resolution mechanism is in place for pharmaceutical patent disputes