Legal

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

Shenzhen imposes heavy penalties to protect data privacy

Restrictions on establishment of entertainment venues are relaxed for foreign investment

Industry coverage, allowance allocation, and compliance obligations are all expected to be ramped up under China's national carbon emissions trading scheme

CBIRC approves China's first wholly foreign-owned money broker to begin operations; Chinese investment in Europe fell to decade low in 2020; and NDRC releases new rules standardizing disclosure and compilation requirements for price index providers

The Vietnamese government has tightened provisions surrounding national security and nominee transactions in its new foreign investment regime

NPC adopts anti-foreign sanctions law in response to U.S., European restrictions; NPC adopts data security law with significantly increased penalties for illegal cross-border data transfer; and Shenzhen five-year plan promises greater financial services opening-up