China Law News

CBIRC revises regulations to enhance the effective use of insurance capital. Wealth management companies shall consider impact of sales agency on liquidity risk. Project approval procedures are streamlined.

PCAOB accuses PRC authorities of not allowing inspection and investigations of audits; E-commerce live streamer "Viya" fined USD$210 million for tax evasion and social media accounts suspended; and credit card regulation on the horizon

Live streamers may bear advertising liability. Commercial banks may calculate their exposure to the default risk of the derivative transaction counterparty on a net basis. Beijing is the first in the country to permit paid autonomous driving travel experience services.

OFAC prohibits U.S. investments in AI company SenseTime, Hong Kong listing postponed; CBIRC to remove foreign ownership cap for insurance asset management firms; MIIT orders removal of 106 apps over data violations

CBIRC allows involvement of insurance capital in securities lending. SAMR sets forth criteria for calculating illegal income. Disability compensation equality for urban and rural residents.

Public outrage at Canada Goose's discriminatory return policy; SEC rules implement submission and disclosure requirements for U.S.-listed foreign companies; e-cigarettes to be regulated as a tobacco product

Shanghai protects the personality and property rights of natural persons in their personal information. Insurance group companies are allowed to invest in non-insurance subsidiaries. Guangdong issues rules on qualified domestic limited partnerships.

BRI projects face a multiplicity of issues from procurement to implementation. Investors must thoroughly understand and mitigate risks associated with BRI ventures.

The U.S. adds 12 Chinese entities to its export blacklist; Rules regulating listed companies to be consolidated; Didi ordered by regulators to delist from NYSE