Data Security Law draft governs China-related data activities outside China, Patent Law draft clarifies on open licensing and private investment is encouraged in new areas including hi-tech businesses.

The period for reduction of social insurance payments of enterprises is extended

The national Negative List is downsized from 40 to 33 items.

The FTZ Negative List is downsized from 37 to 30 items.

China's biggest piece of legislation establishes new legal principles and provides greater protections for personal information, personality rights and more

Hong Kong national security law comes into effect with U.S. sanctions imminent; China launches wealth management connect scheme with Hong Kong, Macao; and NPC publishes draft Data Security Law tightening data protection rules

Foreign investors are allowed controlling shareholding in securities companies, futures companies and life insurance companies according to the 2020 national and FTZ negative lists. Insurance companies are required to keep records of online insurance transactions.

State Council delegates the land conversion approval authority to local governments

China opens up oil and gas mining