CIETAC accepts application for early dismissal of arbitration claims. SAMR does not compel an enterprise to separately establish a compliance system for concentrations of business operators. China issues rules for data asset appraisal.
Liu Yuxiang and Wu Qiong, labor law specialists at Haiwen & Partners examine the important and sometimes difficult labor law issues which can arise for foreign investors seeking to exit China
China's cybersecurity laws are heavily enforced for businesses of all sizes; Chinese Gotion receives CFIUS approval to build an EV battery facility in Illinois; and Former SEC Chair proposes large public companies disclose their exposure to China
China announces that overseas taxpayers will be exempt from certain taxes until the end of 2027; China attempts to boost the secondary market by introducing a phased restriction on IPOs; and PRC People's Court recognizes virtual assets as property despite crypto ban
Instructions are laid out for overseas transfer of key data. Practice guidelines are issued specifying labeling of AI content. Individual income tax policy is extended for VC firms.
With the European Union's revised product safety rules coming into effect in December 2024, Chinese firms should take notice of major changes to the rules and how they can comply with them.
