CAC issues draft rules tightening data security and privacy protection in auto industry; PCAOB releases proposed framework to implement delisting law; and BlackRock approved to begin operating majority-owned wealth management JV

Second law draft of personal information adds articles on personal image capture and contract rescission. Beijing Municipality lowers its PE fund raising size. New rules are set forth for banking and insurance permits.

Foreign producers of specific foodstuffs require recommendations by their relevant government department

Clear users' consent is required for processing information by an App

Foreign banks are exempted from risk exposure requirements

China's HGR regime has been significantly bolstered in the last two years, delaying the research and development activities of biopharma MNCs in the country

China's HGR regime still delays foreign-sponsored clinical research despite recent streamlining of review process

European Commission releases draft regulation tightening requirements on foreign state-backed investors; Mainland-Hong Kong wealth link imminent following release of implementation rules; and Shanghai to trial first-ever options contract available to foreign investors

Operators of critical information infrastructure bear heightened counter-espionage security obligations