Banking and Finance Laws

JPMorgan becomes first fully foreign-owned securities venture in China; Fidelity approved to set up new fully-owned mutual fund business; and SEC approves new board diversity quota and disclosure requirements

The expansion of competing U.S.-China sanctions requirements are forcing multinationals to rethink their traditional global compliance strategies

State Council unveils strict rules barring for-profit tutoring companies; MIIT launches six-month campaign targeting internet industry bad practices; and UBS launches family trust services for wealthy clients

Contractual clauses dealing with the consequences of sanctions might be deemed as sanctions implementation or enforcement, potentially in violation of the new anti-foreign sanctions law

CBIRC defines affiliated transactions of banks and insurance companies

Hear from the in-house head at BlackRock CCB Wealth Management, China's second-ever foreign-controlled wealth management business

New China asset management rules tighten requirements on the due diligence of distributors

Shanghai energy exchange releases details of carbon emissions trading; first options products open to foreign investors begin trading in Shanghai, Dalian; and PBOC orders major banks and payment services institutions to clamp down on OTC crypto merchants

Private banking or insurance institutions shall establish a Party organizational structure