China Law News

• In the News: PBOC Crypto Ban; Overseas Coal Plants; and PCAOB Final Rule

  PBOC reaffirms nationwide ban on cryptocurrencies and related transactions; President Xi announces pause on coal-fired projects abroad; and PCAOB adopts final rule to implement US delisting regime

  September 28, 2021

  

• Legislation roundup: Commercial banks, offshore loans and wealth management

  CBIRC imposes regulatory ratings on banks to control risks. SAFE sets a ceiling on offshore bank loans. Wealth management products are subject liquidity risk control.

  September 24, 2021

• In the News: HKEX SPAC Consultation; US-China Tech Investment; and MIIT Auto Data

  The HKEX has published a consultation paper to introduce its SPAC listing regime; US-China bilateral tech investment plummets 96%; and MIIT calls on telecoms and auto companies to strengthen data protection policies.

  September 20, 2021

  

• Legislation roundup: Internet of vehicles, Bond Connect and insurance branches

  Intelligent connected vehicle makers have data protection obligations. Southbound trading is launched for Bond Connect between mainland China and Hong Kong. Establishment of insurance branches demands stricter solvency ratio requirements.

  September 17, 2021

• In the News: Wealth Management Connect; 'Too Many' Electric Vehicle Makers; and LCS Agreement with Indonesia

  GBA Wealth Management Connect launched; minister calls for consolidation of Chinese EV manufacturers; and China-Indonesia local currency settlement agreement implemented

  September 13, 2021

  

• Legislation roundup: Beijing Stock Exchange and insurance group companies

  Beijing Stock Exchange, which targets innovative SMEs, issues its listing and trading rules. An insurance group company may invest directly or indirectly in non-insurance subsidiaries.

  September 10, 2021

• In the News: Beijing SME Exchange; BNP Paribas Wealth; and Hainan Asset Management

  Beijing stock exchange hosting innovative SMEs announced; BNP Paribas in talks to launch majority-owned wealth management venture; and Hainan to trial cross-border asset management operations

  September 07, 2021

  

• Legislation roundup: E-commerce, property insurance and medical devices

  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.

  September 03, 2021

• In the News: VIE Disclosures; SPC "996" Cases; and Algorithm Draft Rules

  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

  August 30, 2021

  

• Legislation roundup: Personal information, auto data and business registration

  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.

  August 27, 2021