Casper Sek of Jin Mao Partners highlights new draft rules that aim to curb monopolistic behavior and strengthen the administrative supervision of the internet platform economy, and standardize online petty loans businesses that use big data by imposing new requirements on internet platforms used by such businesses
NDRC, MOFCOM launch new national security review for foreign investments; Trump administration adds SMIC and dozens other Chinese entities to Entity List; MSCI drops seven Chinese companies from indices following Trump Executive Order
The scope of China's cross-border personal information transfer regulatory regime is edging closer to being finalized, but businesses are in no rush to overhaul their data transfer practices
The draft Personal Information Protection Law introduces two new data transfer mechanisms that do not seem to directly require government approval
U.S. House unanimously passes Holding Foreign Companies Accountable Act; China releases first export control list under new regime, targetting encryption technologies; CBIRC publishes shadow banking report, defining sector for first time
Hong Kong-mainland Stock Connect expands to include STAR Market-listed and pre-revenue biotech firms; Trump administration set to impose export control restrictions on 89 Chinese companies deemed to be tied to Chinese military; and zero P2P lenders in China following regulatory crackdown according to CBIRC official
SAMR issues the first anti-monopoly guidelines for online platform operators
A Biden administration is likely to share the same export controls and sanctions policy goals as its predecessor, while taking on a more collaborative approach with stakeholders and industry
A Biden administration is likely to be more responsive to stakeholder input and technical dialogue with commercial parties
AmCham Shanghai survey indicates optimism among U.S. businesses in China about Biden administration; Hong Kong stock exchange slashes IPO settlement process from average five business days to one; and State Council approves launch of SAMR-led 17-department task force tackling unfair competition
