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
Important auto data requires a security assessment when transferred outside of mainland China
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.
Disability compensation equality for urban and rural residents
SAMR sets forth criteria for calculating illegal income
Luka Groselj of Schellenberg Wittmer and Runyang Liu of Zhong Lun Law Firm provide practical guidance on contract drafting and performance to overcome possible non-signatory issues and how to navigate the current laws and court decisions when encountering such an issue
OFAC prohibits U.S. investments in AI company SenseTime, Hong Kong listing postponed; CBIRC to remove foreign ownership cap for insurance asset management firms; MIIT orders removal of 106 apps over data violations
CBIRC allows involvement of insurance capital in securities lending. SAMR sets forth criteria for calculating illegal income. Disability compensation equality for urban and rural residents.
Insurance capital investment increasingly dependent on domestic bond credit rating
