High-tech companies are allowed 100% super tax deduction. China lifts property loan restrictions and allows cities to adjust the rates. CBIRC revises regulations to achieve equal treatment of domestic and foreign bank investment.
A draft national standard defines core and important data according to their impact to national security and economic operation. Shanghai issues the first provincial-level regulations on AI. A circular is issued prohibiting the hoarding and reselling of photovoltaic power plant development resources.
CAC proposes to revise the Cybersecurity Law to impose fines for cybersecurity violations according to size of business. Shenzhen issues rules for carbon trading and rules for the first register of personal bankruptcy administrators in the country.
Only marketing authorization holders or qualified pharmaceutical dealers may sell pharmaceuticals online. CAC sets forth cybersecurity administrative law enforcement procedures. Banks are encouraged to take railroad transport documents as documents acceptable for settlement and financing.
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
