First Chinese court decision recognizes NFT as virtual property; international commercial law standards take effect in Hong Kong; and China's private pension sector set for rapid growth
Anti-unfair competition law draft prohibits improper use of others' commercial data. Parties may institute a civil case against monopolistic acts outside of mainland China. CBIRC sets forth criteria for engaging in private pensions.
New social credit draft law raises concerns for foreign companies; CSRC lifts ban on property M&A and refinancing; and U.K. government unwinds a completed transaction for the first time.
Basic-level people's courts have jurisdiction over first instance foreign-related civil and commercial cases. Banks may not transfer business data overseas without authorization. High-quality real estate enterprises are supported by letters of guarantee.
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.
