Goldman Sachs receives initial approval for majority-controlled wealth management JV with ICBC; CBIRC finalizes wealth management product sales rules with new six month transition period; and government push for more financing options for agricultural firms
Wealth management companies are expanded to include foreign-controlled joint wealth management companies. Second draft of Data Security Law broadens its scope of application. Patent and IC layout design cases may involve technical investigators.
Mini vandePol, Gerald Lam and Andrea Kan of Baker McKenzie and Vivian Wu of FenXun Partners set out the framework of the various U.S. and PRC sanction regimes, and discuss best practices for financial institutions to consider and implement
MEE issues carbon trading rules ahead of national market launch; PBOC expands ban on financial institutions providing crypto-related services; and CAC identifies 105 mobile applications for personal information collection violations
Three sets of legislation on registration, trading and settlement are released establishing China's carbon trading regime. Regulations are revised emphasizing the public welfare attribute of private education.
