Cybersecurity review office investigates U.S.-listed Chinese tech giant Didi and others; CSRC updates disclosure rules for listed companies, strengthens ESG provisions; and Shenzhen legislature completes second reading of country's first intelligent vehicle rules
Tax filing is not needed for domestic reinvestment of a foreign investor. E-commerce orders are exempted from stamp tax. Personal health information is required to be stored in China.
SAMR prohibits business operators from using standard clauses to limit liability. Cybersecurity is strengthened on intelligent connected vehicles. Enterprise income tax treatment of cross-border hybrid investments is clarified.
Shanghai energy exchange releases details of carbon emissions trading; first options products open to foreign investors begin trading in Shanghai, Dalian; and PBOC orders major banks and payment services institutions to clamp down on OTC crypto merchants
Transactions limits are specified for national carbon trading. CBIRC defines banks' affiliated transactions. Parties may be banned from participating in securities markets.
CBIRC approves China's first wholly foreign-owned money broker to begin operations; Chinese investment in Europe fell to decade low in 2020; and NDRC releases new rules standardizing disclosure and compilation requirements for price index providers
NPC adopts anti-foreign sanctions law in response to U.S., European restrictions; NPC adopts data security law with significantly increased penalties for illegal cross-border data transfer; and Shenzhen five-year plan promises greater financial services opening-up
Entities and individuals may bear legal liability for failure to enforce or cooperate in the implementation of sanction countering measures. Data that have a bearing on national security or key public interest are subject to more stringent administration. Private banking or insurance institutions shall establish a Party organizational structure.
Biden administration expands Trump-era investment ban on Chinese firms with alleged military ties; China customs names and shames foreign brands for importing defective children's products; and SAFE approves record QDII quota
