China Law News

• In the News: Dual Circulation Policy; Administrative Fine For Data Security Failings; and Crypto Crackdown

  Chinese policy commits to dual circulation; First DSL enforcement action; Crackdown on illegal cryptocurrency exchange, OKX

  October 19, 2022

  

• Legislation roundup: Tourism, elderly care, R&D tax deduction and relaxed housing tax policy

  State Council relaxes foreign investment in outbound tourism and elderly care. Companies are allowed 100% super tax deduction in investment in non-profit R&D institutions. Tax policy is eased for residents exchanging for new apartments.

  October 14, 2022

• In the News: U.S. Action on Chinese Tech Firms; Chip Export Restrictions; and Tim Hortons Secures China SPAC Merger

  The U.S. Department of Defense imposes further sanctions on Chinese tech firms; Chinese chip companies denied access to U.S. technologies; Tim Hortons China secures a SPAC merger.

  October 12, 2022

  

• Legislation roundup: R&D tax deduction, property loans and commercial banks

  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.

  September 30, 2022

• In the News: CFIUS Guidance; RMB X-Factor; and Blockchain Patent Applications

  Guidance for CFIUS assessments; Possibility of PBOC intervention against falling RMB; China leads in blockchain patent applications

  September 30, 2022

  

• Legislation roundup: Cybersecurity classification, Shanghai AI and photovoltaic industry

  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.

  September 23, 2022

• In the News: EU Forced Labor Ban; Europe Overtakes U.S. in Chinese Listings; and FDI Stabilization

  EU targets modern slavery; Chinese companies raise more funds from SIX than NYSE; and Beijing seeks to retain foreign trade and investment

  September 20, 2022

  

• Legislation roundup: Cybersecurity Law revisions, Shenzhen carbon trading and register of bankruptcy administrators

  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.

  September 19, 2022

• In the News: U.S. Semiconductor Export Ban; Securities Fraud Typical Cases; and ByteDance E-Commerce

  The U.S. is expected to formalize a ban on semiconductor export to China; Greater use of concealment techniques in securities fraud cases; ByteDance

  September 13, 2022

  

• Legislation roundup: Pharmaceutical online sales, cybersecurity administrative law enforcement and cross-border trade financing

  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.

  September 09, 2022