The People's Bank of China and State Administration of Foreign Exchange have issued draft rules that will allow foreign investors to switch bond investments between China's foreign investment channels.
Troy Rice of SIPS Hong Kong discusses the implications for foreign IP owners of the recent changes to foreign investment, cross-border tech transfer, and trade secrets laws, as well as cross-border agreement drafting considerations in light of these developments.
Against the backdrop of ongoing US trade negotiations, the CBIRC says it will introduce 12 new measures that could significantly open up its banking and insurance sectors to foreign investment.
A new law in January should boost China's cross-border e-commerce, but rules now introduced by SAFE also reflect concerns about controlling capital outflows.
China's policy makers have boosted efforts to tackle unfair competition in recent months, but foreign companies remain skeptical of whether policy and legislation will actually translate into practice.
Casper Sek and Ben Qi of Jin Mao Partners examine the newly introduced provisions on blockchain information services and discuss their regulatory scope and how they will regulate such services.