The Shanghai and London stock exchanges’ connect program has finally launched; new rules have been introduced to limit speculative trading of stocks on China’s new technology and innovation board; and the CSRC has urged major brokerages in the China to help smaller operations in the country's non-banking financial sector.
Alibaba files for Hong Kong listing that could raise $20 billion; China's state planner will encourage more debt-to-equity swaps; insurers likely to be allowed to up investments in Chinese A-shares; and official proposes beefing up penalties for IP violations.
Baker McKenzie and FenXun Partners discuss the impact of the new Foreign Investment Law on the repeal of FIE laws on existing FIEs, as well as the implications of other important provisions for foreign investors and FIEs in future.
MOFCOM's new Unreliable Entity List is mooted as possible trade war retaliatory tool; Ford's China JV hit with $23.6 million antitrust fine; PBOC may scrap its official benchmark lending rates; and SAFE says overseas digital finance firms must have local permits.
China's internet regulator releases a draft of data protection law for public consultation; regulators take over Baoshang Bank due to serious credit risk exposure; and CSRC vice chair Yan Qingmin pushes for tougher penalties.
