CAC publishes guidelines for data export security assessment; Tencent Huanhe stops selling NFTs due to regulatory challenges; Proposal to enhance protection of wildlife under review
CAC issues guidelines on the procedures for security assessment of overseas data transfers. After-sales and operational services of intelligent connected vehicles may require approval for transfer of data to foreign parties. Public security authorities need an evidence collection notice when seeking electronic data from a network service provider.
PCAOB and Beijing reach audit agreement to prevent mass delisting; U.S.-China merger abandoned following U.S. antitrust investigation; new compliance rules for wealth management companies
Ministry of Transport outlines criteria for recognizing critical information infrastructure of the transport sector. A wealth management company is required to continuously track the changes in the risk monitoring indicators of each wealth management product. Shenzhen specifies wage payment deadlines of employers.
Loan prime rates slightly lowered; 3-year development blueprint for the Lingang Free Trade Zone unveiled; New rules on exercise of administrative discretion
Shanghai issues rules to clarify appraisal of SOE-invested PE fund units. Shanghai Stock Exchange sets forth more disclosure requirements on low-income housing REITs. Insurance companies are allowed to issue open-ended capital bonds.
CFIUS publishes data from 2021; Autonomous vehicles can be driven in simple and controlled conditions; Trust firms' loans to real estate sector audited
Foreign investors have the same shareholding cap as domestic investors in insurance asset management companies. CSRC sets forth disclosure requirements for listed pharma companies. Land approval procedures for infrastructure projects are streamlined.
Research casts doubt on US-listed Chinese companies' ability to list in Hong Kong; Grocery delivery company in legal trouble following collapse; new rules on convertible bonds
CBIRC allows multinationals to set up their own group finance companies and enriches the life insurance disclosure requirements of insurance companies. CNIPA enhances IP protection of exhibitions.
