China, U.S. sign phase one trade deal in trade war breakthrough, but tariffs and issues remain; Reuters reports imminent first rules for online-only banks in China, foreign participation welcomed; and U.S. venture investment in China sinks to six-year low amid trade war and slowing Chinese economy
U.S. tightens supervision over AI software exports with China in mind; JPMorgan Chase applies for majority stake in Chinese futures business; and China opens up oil and gas industry to foreign players
Frank Jiang and Emily Xu of Zhong Lun Law Firm highlight the newly introduced regulations aimed at foreign-invested banks and insurers to encourage foreign investors to expand their presence in China and strengthen the competitiveness in the financial sector
Alipay allows foreign visitors to use its mobile payments platform; CSRC scraps two-year profit requirement for ChiNext private placements; and MSCI completes plan to increase A share weighting in key benchmark
China launches nationwide 5G services network; UBS becomes first foreign underwriter of Star Market IPO; and Shanghai orders shutting down of P2P lenders in latest industry crackdown
