WeRide IPO shows another green light for overseas listing of Chinese companies; China imposes new regulations for local authorities to better implement its state secrets law overhaul; and two Chinese state departments release new rules for QFII to stimulate foreign securities investment.
Revised state secrets regulations require network operators to report violations of confidentiality laws. A QFII may select at its own discretion the currency it remits inwards to invest in domestic securities or futures. PBOC specifies minimum registered capital requirements of non-bank payment institutions.
Casper Sek, partner of Jingtian & Gongcheng, looks at the unique complexities of providing artificial intelligence services in China: one of the most exciting and fast-moving tech markets in the world
U.S. lawmakers are worried about Microsoft's deal with a UAE-based AI company that has China ties; Nippon Steel ends joint venture with Baoshan; and China tightens regulation on hedge funds and programmed trading.
State Council relaxes foreign investment in value-added telecommunications services in five cities. National standards are published on compliance audit requirements of the protection of personal information. Differentiated requirements set forth for the regular and interim reports of private investment funds.