New guidelines specify legal liability of a personal information processor and the foreign data recipient. Shanghai revises rules to encourage multinationals to set up business unit headquarters. CNIPA issues non-binding guidelines for open patent license royalties.
Daisy Duan and Sara Shi of King & Wood Mallesons review newly introduced regulations supporting pre-tax deductions for enterprise innovation in science and technology in China including recommended action to take advantage of these new tax preferential policies.
Three Chinese companies ordered out of Canada's lithium industry; CFIUS publishes first-ever enforcement and penalty guidelines; and China's metaverse IPO starts in Hong Kong.
The 2022 Encouraged Catalogue encourages foreign investment in the shipping sector. A draft circular sets forth the insurance and road safety matters of intelligent connected vehicles. CSRC specifies the types of public funds that a private pension may invest in.
Christina Lee, Wang Hang, Dr. Matthias Courvoisier and Daisy Chen of Baker McKenzie and Stella Hu of FenXun Partners highlight the requirements, framework and benefits for listing global depository receipts (GDRs) on the SIX Swiss Exchange and discuss how it differs from the London Connect.
While U.S. regulators are pushing for more transparency and audit quality of Chinese firms listing on U.S. stock exchanges, some plaintiffs firms still see high risks for investors.