Foreign banks' local branches can apply for fund custody licenses, fulfilling trade deal pledge; China's securities watchdog names and shames illegal margin lenders as fears grow of 2015 market rout repeat; and State Council announces sixth batch of FTZ reform measures to be rolled out nationwide
Data Security Law draft governs China-related data activities outside China, Patent Law draft clarifies on open licensing and private investment is encouraged in new areas including hi-tech businesses.
Hong Kong national security law comes into effect with U.S. sanctions imminent; China launches wealth management connect scheme with Hong Kong, Macao; and NPC publishes draft Data Security Law tightening data protection rules
Foreign investors are allowed controlling shareholding in securities companies, futures companies and life insurance companies according to the 2020 national and FTZ negative lists. Insurance companies are required to keep records of online insurance transactions.
U.S. Senate passes bill threatening sanctions against financial institutions, officials over Hong Kong; China shortens negative lists to further open up economy to foreign investment; and CSRC plans to grant securities licenses to domestic commercial banks
The period for reduction of social insurance payments of enterprises is extended, regulation on the controlling interests of securities companies is tightened and draft of the Criminal Law amendments targets financial crimes.
Xinhua reveals details of planned Hong Kong national security law; JPMorgan becomes first fully-owned futures business following CSRC approval; and U.S. companies allowed to work with Huawei on next-generation technology standards
The Supreme People's Court has issued the 3rd set of guiding opinions clarifying the trial of COVID-19 related force majeure cases. It has also published two law drafts on the burden of proof and amount of losses of trade secrets in IP cases.
ChiNext finalizes reforms liberalizing listing process while tightening disclosure requirements; Hong Kong sees major secondary listings in quick succession with Nasdaq-listed NetEase and JD.com; and American Express becomes first foreign player approved to offer card-clearing services in China
The Supreme People's Court has issued three law drafts clarifying the commercial value of trade secrets and liability of online service providers and e-commerce platform operators in IP infringement cases. Stricter regulation is imposed on lease financing companies in a bid to control risks.
