Legal

SAMR prohibits business operators from using standard clauses to limit liability. Cybersecurity is strengthened on intelligent connected vehicles. Enterprise income tax treatment of cross-border hybrid investments is clarified.

Entities and individuals may bear legal liability for failure to enforce or cooperate in the implementation of sanction countering measures

Transaction limits are specified for national carbon trading

MNCs are concerned about enforcement and the monitoring and verification requirements of the new national market

Shanghai energy exchange releases details of carbon emissions trading; first options products open to foreign investors begin trading in Shanghai, Dalian; and PBOC orders major banks and payment services institutions to clamp down on OTC crypto merchants

Transactions limits are specified for national carbon trading. CBIRC defines banks' affiliated transactions. Parties may be banned from participating in securities markets.

The new emissions allowance system allows for the offset of voluntary emissions.

A risk warning system is in place for carbon trading

Private banking or insurance institutions shall establish a Party organizational structure