JPMorgan becomes first fully foreign-owned securities venture in China; Fidelity approved to set up new fully-owned mutual fund business; and SEC approves new board diversity quota and disclosure requirements
Land owners shall be informed if rights to collectively-owned land is transferred. Application for the simplified procedure for advance pricing is made easier. Monitoring of reinsurance outside mainland China is reinforced.
SEC to require Chinese issuers clarify VIE structures and whether listing has government backing; SPC issues judicial interpretation with restrictions on commercial applications of facial recognition technology; and MOFCOM unveils separate negative list for cross-border trade in services in Hainan
China bans listing of tutorial institutions. Beijing Municipality promotes the establishment of private equity secondary market funds. SPC issues an interpretation protecting personal facial information.
State Council unveils strict rules barring for-profit tutoring companies; MIIT launches six-month campaign targeting internet industry bad practices; and UBS launches family trust services for wealthy clients
An early resolution mechanism is in place for pharmaceutical patent disputes. Artificial intelligence medical software products are defined. Rules for registration of patent pledges are revised.
China's much-anticipated national carbon trading market sees carbon price rise on first day of trading; MIIT, CAC forbid sharing of cybersecurity vulnerabilities information with overseas entities; and Biden administration adds dozens more Chinese companies to export control blacklist
Overseas listings of data processors will be subject to cybersecurity reviews. Network product providers are required to promptly report security vulnerabilities. Electronic employment contracts are signed via special formation platform.
CAC releases updated draft cybersecurity review measures to cover overseas listings; HKEX to launch T+2 settlement platform in Q4 2022 at the earliest; and Guangdong outlines data sharing plans for GBA
Marketing authorization applicants may request punitive damages in IP disputes. Propagation materials are crucial to IP infringement cases on new plant varieties. Requirements are imposed on cash wealth management products
