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
SEC to require Chinese issuers clarify VIE structures and whether listing has government backing; SPC issues judicial interpretation with restrictions on commercial applications of facial recognition technology; and MOFCOM unveils separate negative list for cross-border trade in services in Hainan
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
CAC releases updated draft cybersecurity review measures to cover overseas listings; HKEX to launch T+2 settlement platform in Q4 2022 at the earliest; and Guangdong outlines data sharing plans for GBA
Beilei Hou and Zi Ling of King & Wood Mallesons look at the emerging carbon emissions trading scheme in China, and consider the outlook for market access to foreign investors
Cybersecurity review office investigates U.S.-listed Chinese tech giant Didi and others; CSRC updates disclosure rules for listed companies, strengthens ESG provisions; and Shenzhen legislature completes second reading of country's first intelligent vehicle rules
