Interbank bond market to see changes in subject bond requirements, documentation, risk management, and collateral; rules governing processors of "important and core data" are tightened; Ministry of Education aims to strengthen enforcement actions against non-compliance private tutoring institutions

Important and core data are required to be stored in mainland China. Shanghai issues the first data compliance guidelines. Favorable tax policy is offered to REITS.

Financial institutions are given due diligence instructions on corporate customers

Financial institutions shall bear management responsibilities when engaging third-party online marketers for their financial products

2021 regulatory trends in China, including antitrust, data privacy, sanctions, healthcare, PE/VC, capital markets, IP, banking & finance, TMT and arbitration.

China joins the WIPO treaty on protecting industrial designs; Hong Kong, mainland M&A hits record heights in 2021 despite regulatory headwinds; and e-CNY to be piloted in retail shops across Hong Kong

Online information providers are required to inform customers of deep synthesis. Securities deal counterparties may be held liable for misrepresentation. Financial institutions are given due diligence instructions on corporate customers.

Extra regulatory requirements imposed on large money market funds

Overseas listings of data processors will be subject to cybersecurity reviews