Draft E-Commerce Law accords greater protection to IP rights holders. CBIRC sets new requirements for naming of property insurance products. New rules allow for priority registration of medical devices.
SEC begins asking Chinese companies for more VIE-related disclosures; SPC publishes model cases involving labor disputes as "996" crackdown continues; and CAC publishes draft rules for algorithm recommendation services
The official Personal Information Protection Law provides for transfer of data handling.
Important auto data requires a security assessment when transferred overseas. Corporate deregistration is made easier.
National People's Congress passes landmark personal information protection law; SAMR releases draft unfair competition rules for internet industry; and State Council finalizes long-awaited draft on CII operators
State Council promulgates regulations helping define critical information infrastructure. SPC defines business ethics in the context of unfair competition. SAMR prohibits unfair competition acts online.
Hong Kong buyers make first cross-border CCER deal under new national ETS; Arbitration Law proposed revisions released to align further with international practice; and Standard Chartered application for securities venture accepted by CSRC
The scope of matters that may be arbitrated is expanded. Government authorities are required to conduct a fair competition review when formulating regulations. Important data of intelligent connected vehicles require security assessment when transferred abroad.
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
