Three sets of legislation on registration, trading and settlement are released establishing China's carbon trading regime. Regulations are revised emphasizing the public welfare attribute of private education.
CAC issues draft rules tightening data security and privacy protection in auto industry; PCAOB releases proposed framework to implement delisting law; and BlackRock approved to begin operating majority-owned wealth management JV
Second law draft of personal information adds articles on personal image capture and contract rescission. Beijing Municipality lowers its PE fund raising size. New rules are set forth for banking and insurance permits.
European Commission releases draft regulation tightening requirements on foreign state-backed investors; Mainland-Hong Kong wealth link imminent following release of implementation rules; and Shanghai to trial first-ever options contract available to foreign investors
Clear users' consent is required for processing information by an App. Foreign banks are exempted from risk exposure requirements. Catering service providers are required to provide clear information to customers to prevent waste of food.
China failing to protect U.S. companies' IP according to USTR report; French banking giant BNP Paribas applies for securities business; and PRC Futures Law submitted to NPCSC for first reading
Operators of critical information infrastructure bear heightened counter-espionage security obligations. Live streaming marketing platforms are required to protect consumer rights and personal data privacy. MIIT issues the first draft guidelines for intelligent connected vehicles.
Guangzhou Futures Exchange opens, offering hedging tools for imminent nationwide carbon trading market; PBOC removes eligibility of fossil fuel projects for green bond financing; and State Council approves services opening-up in four regions and cities
Foreign producers of specific foodstuffs require recommendations by their relevant government department. The scope of jurisdiction of the Shanghai Financial Court is expanded to included foreign-related cases. Financial technology enterprises are restricted to list on the STAR Market
