European companies considering leaving China market over strict COVID-19 policies; Shanghai court ruling deems bitcoin a virtual asset protected by law; Didi New York IPO under SEC investigation
Beijing approves Baidu, Pony.ai to operate robotaxis without supervisor in driver's seat; U.S government blacklists China again over lax IP protection and enforcement; BlackRock launches private pension product, first foreign asset manager to do so
US companies concerned about tightening cybersecurity rules amid enforcement uncertainty; China to rollout first ever nationwide private pension system; Futures Law adopted as derivatives market set to expand
Draft law to boost protection against systemic risks; SPC amends rules on summary procedures, service of litigation documents, small claims, and judicial confirmation; Policymakers aim to knock down localism and unify market standards
Kainan Zhang and Junting Lei of Haiwen & Partners highlight the main PRC foreign exchange regulatory requirements of different types of cross-border investment and trade by domestic and foreign individuals and institutions under capital and current accounts.
The new rules may boost investor confidence and move U.S. listing plans of Chinese companies. But they also may decrease the volume of "homecoming" IPOs in Hong Kong, lawyers say.
CSRC proposes an update to confidentiality rules for overseas listings; Shanghai rolls out 21 economic relief measures for firms amid lockdown; and social credit to be further developed, more integration in capital markets
