In the News: Gene Editing; Peer-to-Peer Lending; and SME Loans

March 04, 2019 | BY

Marilyn Romero

China's State Council will soon be regulating gene editing and biotechnologies; in a major sting on illegal P2P lenders, Chinese authorities netted Rmb10 billion in assets and arrested 62 people from 16 countries; and Chinese regulators increase the pressure on banks to boost lending to SMEs.

Gene editing technologies soon to be regulated by State Council

Gene editing technologies and other potentially risky new biomedical technologies could soon be placed under the supervision of China's State Council, according to a proposed regulation published on February 26 on the National Health Commission's website. The guidelines require clinical trials involving gene-editing and other experimental life science technologies to be classified as high or low risk, and approval to be obtained from government authorities before proceeding.

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