Legal

China's much-anticipated national carbon trading market sees carbon price rise on first day of trading; MIIT, CAC forbid sharing of cybersecurity vulnerabilities information with overseas entities; and Biden administration adds dozens more Chinese companies to export control blacklist

Overseas listings of data processors will be subject to cybersecurity reviews. Network product providers are required to promptly report security vulnerabilities. Electronic employment contracts are signed via special formation platform.

SAMR prohibits business operators from using standard clauses to limit liability

Data that have a bearing on national security are subject to more stringent administration

PRC companies wanting to list outside China face extended cybersecurity reviews and potentially burdensome documentation submission requirements

CAC releases updated draft cybersecurity review measures to cover overseas listings; HKEX to launch T+2 settlement platform in Q4 2022 at the earliest; and Guangdong outlines data sharing plans for GBA

Marketing authorization applicants may request punitive damages in IP disputes. Propagation materials are crucial to IP infringement cases on new plant varieties. Requirements are imposed on cash wealth management products

Cybersecurity is strengthened for intelligent connected vehicles

Enterprise income tax treatment of cross-border hybrid investments is clarified.