Foreign Direct Investment

Chinese court rules against international hotel brand for misuse of cross-border personal data; EU and China establish mechanism to address difficulties in data transfers; and High-frequency futures traders question their survival in an increasingly hostile Chinese futures market

U.S. lawmakers call on the government to scrutinize drugmakers' clinical trials in China; China removes restrictions for foreign investments in the manufacturing and services industries; and Cross-Boundary Wealth Connect gains 10 new additional securities firms for increased offshore investment opportunities.

Export pharmaceuticals commissioned for production from a foreign pharmaceutical manufacturer may not be sold and used in the PRC

A QFII may select at its own discretion the currency it remits inwards to invest in domestic securities or futures

Revised Chinese Company Law requires mandatory worker representation in boardrooms; Shanghai's biomedical measures catch the most attention; and Merchants of Pinduoduo's international arm, Temu, struggle to sue the company due to its complex structure.

WeRide IPO shows another green light for overseas listing of Chinese companies; China imposes new regulations for local authorities to better implement its state secrets law overhaul; and two Chinese state departments release new rules for QFII to stimulate foreign securities investment.

Lawyers in Asia say a Harris Administration will unlikely lift the clouds on China but may bode well for the rest of Asia.

State Council relaxes foreign investment in value-added telecommunications services in five cities.

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.