China regulates generative AI to mitigate risks of the technology; Anti-corruption campaign targets executives in the financial sector; and New IPOs perform well
Supreme People's Court publishes the landmark IP cases for 2022, as well as a Civil Code interpretation explaining disputes over employer liability. Ministry of Justice issues a law draft on disclosure of law firms' and lawyers' integrity information.
China has launched its first cybersecurity review of a foreign semiconductor firm; New Zealand refuses to award a summary judgment on enforcing a Chinese ruling; and Chinese government officials are trying to boost foreign investment amid a loss in investment interest from American firms.
After soliciting public comments on the antitrust regulation drafts, the State Administration for Market Regulation issued the regulations on concentration reviews, abuse of dominant market position, as well as monopoly agreements, adding more details to certain restrictions and exceptions.
SPACs in the U.S. remain attractive for Chinese tech firms; COVID and economic pressures cause changes in consumer behavior; and restrictions on the use of superlatives in advertising clarified
Companies need to designate a staff member and office to protect personal information for cross-border transfer. The China National Intellectual Property Administration allows online oral hearings of its administrative decision cases. China Securities Regulatory Commission may implement a position limit system, large position reporting system for derivatives trading.
The U.S. Copyright Office suggests that some types of AI-generated content may be copyrighted; Big Four auditing firm Deloitte's Beijing Office was fined US$31 million for deficiencies in its audit of Huarong; and Chinese government officials have pledged to allow foreign firms to list when conditions are "mature."
New rules are revised enhancing ethics reviews in life science and medical research. Shenzhen issues data trading rules and regulations on third-party services.
U.S. further protects its technology with new strike force; Hong Kong amends listing rules; and China accedes to the Apostille Convention for international business integration.
A national financial regulatory administration directly under the State Council will be established. Insurance asset management companies are encouraged to engage in ABS and REITs. Approval is required when providing confidential surveying and mapping achievements to foreign parties.
