Chinese state-owned enterprises urged to stop using Big Four due to data security concerns; small Chinese businesses to be subject to international data transfer requirements; and China encourages foreign investment in the real estate sector through private equity funds.
CAC finalizes rules on standard contracts for overseas transfer of data. AMAC encourages foreign investment in private immovable property investment funds via QFLP. New listing rules cover indirect offshore listings of Chinese companies.
New CSRC rules on overseas listing; China raises concerns over Ford gaining access to Chinese electric battery technology; and CSRC clarifies that it will not impose a blanket ban on mainland investors trading overseas stocks
The new listing rules, which give the Chinese securities regulator the ultimate power to oversee and block potential listings of Chinese companies on foreign bourses, may have wider implications, lawyers say.
AMAC imposes more stringent record filing requirements for PE funds. Guangzhou lowers qualification requirement for foreign lawyers. Shenzhen issues the first regional regulations on cell and gene industry.
China has imposed new regulations on PRC companies raising foreign mid-to-long-term debt; It also has introduced stricter measures on bank asset risk classification; and for the first time, it has granted a wholly foreign-owned securities firm permission to be established in China.