SPC clarifies producer and dealer's liability for food safety compensation, pre-tax deduction on advertising expenses continues for pharmaceuticals and leverage ratio is used as a criterion for evaluating systematically important banks

The draft Personal Information Protection Law introduces two new data transfer mechanisms that do not seem to directly require government approval

Insurance companies bear legal liability for authorized acts of their agents

Foreign financial institutions are allowed to invest in trust companies

U.S. House unanimously passes Holding Foreign Companies Accountable Act; China releases first export control list under new regime, targetting encryption technologies; CBIRC publishes shadow banking report, defining sector for first time

A party may file applications for arbitration enforcement with both the mainland China court and Hong Kong court respectively, e-commerce platforms are required to set guidelines for handling IP infringement and mobile apps are restricted to collection of necessary personal information.

The acceptance of the commitment of a business operator does not affect the determination of a monopoly act

Coming into effect in January, China's fundamental law introduces new provisions on personal information protection and strengthens weaker parties in contractual negotiations

CBIRC eliminates the industry restrictions on insurance institutions' financial equity investment