The U.S. detains millions worth of solar panel products at the border; rules surrounding high-tech export controls clarified; Shanghai court strikes down VAM agreement
New guidelines specify legal liability of a personal information processor and the foreign data recipient. Shanghai revises rules to encourage multinationals to set up business unit headquarters. CNIPA issues non-binding guidelines for open patent license royalties.
Three Chinese companies ordered out of Canada's lithium industry; CFIUS publishes first-ever enforcement and penalty guidelines; and China's metaverse IPO starts in Hong Kong.
The 2022 Encouraged Catalogue encourages foreign investment in the shipping sector. A draft circular sets forth the insurance and road safety matters of intelligent connected vehicles. CSRC specifies the types of public funds that a private pension may invest in.
China will support foreign-invested enterprises to list domestically. CBIRC issues guidelines for protecting personal information when applying fintech. Pre-installed applications on smartphones need to comply with personal information collection requirements.
CSRC plans to exempt foreign investors from short-term profit rules; Foshan Government vastly increases financial support for overseas IP protection; BNP Paribas gains regulatory approval from CBIRC for wealth management joint venture with Agricultural Bank of China.
CBIRC allows multinationals to set up their own group finance companies. Payments of project quality deposits are allowed to be deferred. CSRC eases share buyback criteria for listed companies
State Council relaxes foreign investment in outbound tourism and elderly care. Companies are allowed 100% super tax deduction in investment in non-profit R&D institutions. Tax policy is eased for residents exchanging for new apartments.
The U.S. Department of Defense imposes further sanctions on Chinese tech firms; Chinese chip companies denied access to U.S. technologies; Tim Hortons China secures a SPAC merger.
