European companies considering leaving China market over strict COVID-19 policies; Shanghai court ruling deems bitcoin a virtual asset protected by law; Didi New York IPO under SEC investigation
May 08, 2022
China Law News
Securities data shall be backed up at least once per day. Before offering a product, a wealth management company shall strictly carry out the internal approval procedure. Global systemically important banks may offer non-capital bonds satisfying total loss-absorbing capacity.
May 06, 2022Beijing approves Baidu, Pony.ai to operate robotaxis without supervisor in driver's seat; U.S government blacklists China again over lax IP protection and enforcement; BlackRock launches private pension product, first foreign asset manager to do so
May 04, 2022Legislation roundup: Apps personal information, Shanghai COVID labor issues and IP case jurisdiction
Security management of a third-party SDK is specified for apps collecting personal information. Shanghai issues an Q&A requiring employers pay legitimate wages to employees sick with COVID-19. Technical IP cases are handled by IP courts and intermediate people's courts.
April 29, 2022US companies concerned about tightening cybersecurity rules amid enforcement uncertainty; China to rollout first ever nationwide private pension system; Futures Law adopted as derivatives market set to expand
April 25, 2022China passes its first law to manage its derivatives market. Foreign telecom investors are given more flexibility in terms of investment percentage and application procedures. Banking and insurance institutions are encouraged to provide financial support for low-carbon highway projects
April 22, 2022Industry associations ban NFT use for issuing financial assets; Shanghai government paves way for potential resumption of production activity under closed-loop management; and livestreaming video games banned for certain platforms
April 20, 2022Draft law to boost protection against systemic risks; SPC amends rules on summary procedures, service of litigation documents, small claims, and judicial confirmation; Policymakers aim to knock down localism and unify market standards
April 12, 2022Foreign banks are given more flexibility in offering capital instruments and bonds. China allows disclosure of files of domestic companies to overseas listing regulators. Criteria for summary procedure are revised to increase efficiency.
April 11, 2022CSRC proposes an update to confidentiality rules for overseas listings; Shanghai rolls out 21 economic relief measures for firms amid lockdown; and social credit to be further developed, more integration in capital markets
April 06, 2022
