Lawyers say a new regulation of markets in crypto assets will attract more crypto service providers to the 27-member bloc, as well as generate a wave of regulatory advisory work for law firms.

Guidelines on certification of personal information protection for cross-border PI data transfers are set forth. Business cooperation in retirement financial business between banking and insurance institutions is supported. MOJ allows for overseas remote video notarization.

China allows for international design filings with the Hague System

Kai Huang of Commerce & Finance Law Offices highlights key definitions that have been specified under the Interpretation in relation to the AUCL that offer greater clarity and practical guidance for the protection of businesses and consumers against anti-unfair competitive conduct

China allows disclosure of files of domestic companies to overseas listing regulators.

Securities data shall be backed up at least once per day

European companies considering leaving China market over strict COVID-19 policies; Shanghai court ruling deems bitcoin a virtual asset protected by law; Didi New York IPO under SEC investigation

Securities data shall be backed up at least once per day. Before offering a product, a wealth management company shall strictly carry out the internal approval procedure. Global systemically important banks may offer non-capital bonds satisfying total loss-absorbing capacity.

Shanghai issues an Q&A requiring employers pay legitimate wages to employees sick with COVID-19.