Foreign companies, including third country companies, face conflicting regulatory obligations amid tit-for-tat U.S.-China export control reforms
October 23, 2020
China Law News
NPCSC passes new biosecurity law targeting human genetic resources management and collection; national omnibus export control law adopted amid trade war tensions; and amended patent law further strengthens IP protection in China
October 19, 2020The personal information law draft defines sensitive personal information and its protection. Online insurance business may use social media marketing. Large fines are imposed to protect financial consumer rights.
October 16, 2020New comprehensive reform plan for Shenzhen targeting fintech and financial sectors; new development plan for new energy vehicles promotes fast-charging stations and public service integration; and new State Council opinions proposes measures to improve quality of listed companies
October 12, 2020CBIRC specifies requirements of the countercyclical capital buffer mechanism and removes the record filing requirement regarding the investment management capabilities of insurance companies. Securities companies are required to internally monitor insider information management.
October 12, 2020FTSE Russell to become third major index provider to include China bonds; Luckin Coffee slapped with massive fine by SAMR; and Segway maker Ninebot to become first VIE entity to list in mainland
September 28, 2020QFIIs and RQFIIs are allowed to invest in private funds and derivatives, State Council eases investment procedures for telecommunications services, oil products and QFIIs, and CBIRC governs investment of insurance capital in debt-for-equity plans by grade
September 28, 2020President Trump approves TikTok-Oracle deal to give popular Chinese app crucial lifeline; MOFCOM publishes implementation rules for Unreliable Entity List targeting foreign firms; and State Council announces three new FTZs in Beijing, Anhui and Hunan
September 21, 2020CSRC tightens control on PE fund establishment and management as well as on the scope of listed company insiders. Private investment is encouraged in senior care facilities.
September 21, 2020TikTok drops U.S. sale, to partner with Oracle instead; China, EU investment treaty talks enter critical phase; and Goldman Sachs to take full control of securities JV
September 14, 2020
