Lawyers need to look into IPO issuers' antitrust approval. MIIT issues standards for cybersecurity and data security of the internet of vehicles. Lawyers' fee standards are set out.
TMT companies steering towards domestic stock markets for fundraising; CAC releases draft rules tightening scrutiny on push notifications, news content; and companies in China report continued pandemic hit, blame power shortages
Civil juristic acts may be recognized without written or verbal agreement. Content compliance reviews of advertising information pushed by pop-up windows must be conducted. MHRSS issues rules to facilitate labor dispute arbitration.
Guidelines are given for apps security management. Shanghai issues its first IP compliance guidelines. Exclusive commercial pension insurance is expanded nationwide.
European Union takes China to World Trade Organization over patent anti-suit injunctions; China sanctions U.S. defense giants under anti-foreign sanctions law; and ride-hailing operators on notice to increase compliance
CSRC issues new rules on qualifications of senior securities executives. Domestic and foreign Stock Connect is expanded to include bourses in Shenzhen, Switzerland and Germany. Pre-set applications on mobile devices should allow uninstallation.
Interbank bond market to see changes in subject bond requirements, documentation, risk management, and collateral; rules governing processors of "important and core data" are tightened; Ministry of Education aims to strengthen enforcement actions against non-compliance private tutoring institutions
Important and core data are required to be stored in mainland China. Shanghai issues the first data compliance guidelines. Favorable tax policy is offered to REITS.
2021 regulatory trends in China, including antitrust, data privacy, sanctions, healthcare, PE/VC, capital markets, IP, banking & finance, TMT and arbitration.
