Banking and Finance Laws

China failing to protect U.S. companies' IP according to USTR report; French banking giant BNP Paribas applies for securities business; and PRC Futures Law submitted to NPCSC for first reading

Guangzhou Futures Exchange opens, offering hedging tools for imminent nationwide carbon trading market; PBOC removes eligibility of fossil fuel projects for green bond financing; and State Council approves services opening-up in four regions and cities

Operation of the interbank bond market is improved

HKEX proposes stricter ESG, corporate governance disclosures and standards; PBOC tightens rules surrounding anti-money laundering, terrorist financing efforts by financial institutions; and NDRC furthers Hukou reform with latest directive

CBIRC expands the scope of due diligence on banking customers

FTSE Russell proposes index re-inclusion following Xiaomi court success; Commerce, FCC ramp up scrutiny of Chinese ICTS, telecom companies; and China bans Tesla from military bases over security concerns

Pledgees are allowed to realize the pledged stock

U.S.-China tensions remain number one concern among U.S. companies in China; FCC designates five Chinese companies as national security threats; and PBOC, SAFE launch pilot program in Beijing, Shenzhen for multinationals' foreign exchange purchases

Commercial banks are not allowed to engage in cross-region online lending