Capital Markets

New Third Board companies are allowed to transfer and list on other boards

Major plan for Hainan to become globally-recognized free trade port released; Swiss bank Credit Suisse takes majority control of securities JV; and U.S.-China animosity extends to aviation industry with bans and walk backs

CBIRC supports foreign bank branches in applying for fund custody qualifications

A second set of opinions guiding trials of COVID-19 disputes arising from change in costs

Measures are issued to welcome the return of red-chips to the China stock market

Beijing imposes national security law on Hong Kong; U.S. adds more Chinese entities to Entity List; and Alibaba, Xiaomi set to join benchmark Hong Kong index

HSBC becomes sole controller of Chinese life insurance venture; first U.S. IPO from China after Luckin scandal raises $510 million; and the CBIRC proposes new rules to regulate online lending.

U.S. Commerce Department removes civilian end-use exception for tech exports to China; ChiNext to trial registration-based IPO system following STAR board success; new civil litigation evidence rules take effect amid coronavirus disruption to contracts

Mutual funds are allowed to invest in China's new third board