Draft law to boost protection against systemic risks; SPC amends rules on summary procedures, service of litigation documents, small claims, and judicial confirmation; Policymakers aim to knock down localism and unify market standards
Foreign banks are given more flexibility in offering capital instruments and bonds. China allows disclosure of files of domestic companies to overseas listing regulators. Criteria for summary procedure are revised to increase efficiency.
Kainan Zhang and Junting Lei of Haiwen & Partners highlight the main PRC foreign exchange regulatory requirements of different types of cross-border investment and trade by domestic and foreign individuals and institutions under capital and current accounts.
The new rules may boost investor confidence and move U.S. listing plans of Chinese companies. But they also may decrease the volume of "homecoming" IPOs in Hong Kong, lawyers say.
CSRC proposes an update to confidentiality rules for overseas listings; Shanghai rolls out 21 economic relief measures for firms amid lockdown; and social credit to be further developed, more integration in capital markets
Legal and IP services require market access permission. Design patent fees are specified. Mainland China and Hong Kong issued an arrangement on matrimonial and family cases.