Zaiguang Lu and Charles Wu of Han Kun Law Offices review 2020's significant legislative developments affecting China's private equity and venture capital industry, and offer insights on the key trends, challenges and opportunities in the sector.
Sanctions and export controls remained the primary tools of the Trump administration for restricting Chinese entities' access to U.S. technology. The administration has fine-tuned export controls to extend U.S. jurisdiction to more transactions, a primary focus being Chinese companies with military ties due to China's state policy of military-civilian fusion.
Nine more Chinese companies added to U.S. military company list; Commerce Dept. names China a foreign adversary, setting stage for tech transaction restrictions; and EU chamber report cites digital decoupling as biggest threat to EU companies
QFIIs are qualified investors of private investment funds, online small loan business is added to the scope of financial institutions for regulation of their anti-money laundering management and insurance asset management are graded by their risk control levels.
China prohibits compliance with foreign sanctions, rules targeting Chinese entities; FTSE Russell, MSCI, S&P Dow Jones drop Chinese telecom companies; and CAC releases revised internet regulation draft