Luokung Technology sues the U.S. government over CCMC designation; U.S. senators reintroduce bill proposing to bar blacklisted Chinese companies from U.S. capital markets; and VIE structures expected to undergo greater scrutiny under Chinese merger control regime according to new report
Serious willful IP infringements may be liable to punitive damages. SPC IP court defines business use of a patent by public service institutions. CSRC implements a registration system for offering of corporate bonds.
Scott Yu and Frank Jiang of Zhong Lun Law Firm highlight recently introduced national security measures for review of foreign investments including its broader reach within China, the scope of M&A targets and expanded sectorial coverage, and the new review mechanism coordinated by the NDRC
Most high-tech MNCs expect greater difficulties in China even with more market access; Chinese investment in Australia plummets in 2020 amid pandemic and regulatory scrutiny; and China approves Schroders majority-owned wealth management JV
Commercial banks are not allowed to engage in cross-region online lending. CBIRC strengthens regulation of reputational risk, as well as anti-money laundering and anti-terrorist work of commercial banks.