Revised state secrets regulations require network operators to report violations of confidentiality laws. A QFII may select at its own discretion the currency it remits inwards to invest in domestic securities or futures. PBOC specifies minimum registered capital requirements of non-bank payment institutions.
U.S. lawmakers are worried about Microsoft's deal with a UAE-based AI company that has China ties; Nippon Steel ends joint venture with Baoshan; and China tightens regulation on hedge funds and programmed trading.
State Council relaxes foreign investment in value-added telecommunications services in five cities. National standards are published on compliance audit requirements of the protection of personal information. Differentiated requirements set forth for the regular and interim reports of private investment funds.
The Supreme People's Court releases "typical cases" as a guide for the application of extraterritorial laws in Chinese courts; Chinese tech companies anticipate increased costs under the EU AI Act; and Foreign investors face increased domestic competition in China.
Shareholders are required to pay in their subscribed-for capital contributions in full by the revised time limit. Large internet platforms should have control over data provided to third parties. Vehicles should allow one-touch halting of collection of out-of-vehicle data
Germany's Economy Ministry blocks Volkswagen deal with Chinese company on national security grounds; China leads the world in the adoption of generative AI in banking and healthcare; and Chinese filmmakers wishing to submit short films to overseas film festivals must first register with authorities.
Supreme People's Court clarifies issues on definition of relevant markets. SAMR issues guidelines on reviewing horizontal concentrations. Foreign-invested enterprises may engage in international data center business in Hainan Free Trade Port.
The U.S. has added additional Chinese companies to its Entity List and Unverified List; China's State Council has taken steps to encourage foreign venture capital in the tech sector; and Chinese electrolyzer manufacturers are "Europeanizing" their products in anticipation of an EU crackdown.
The U.S. publishes details on "Reverse CFIUS;" Shein's London listing might face obstacles; and two of the top 10 VC deals globally involve China, with much of the funding coming from Chinese state-backed investors.
State Council prohibits policy measures that are against fair competition. Securities Association of China revises rules on alternative investment subsidiaries and private investment fund subsidiaries of securities companies.
