China strengthens Anti-Foreign Sanctions Law in response to U.S. restrictions; Chinese firms move production facilities overseas amidst key economic changes; and China introduces regulations to protect interests in overseas IP disputes
China specifies penalties for a failure to implement sanction countering measures. Maximum fine for antitrust concentration is set at 10% of the previous year’s sales proceeds. State Council restricts provision of evidence outside of mainland China for IP cases.
A compliance audit is required when processing personal information of more than 10 million persons / CLP Reference: 5600/25.02.12 ; Promulgated: 2025-02-12; Effective: 2025-05-01
Multinationals must comply with new Chinese labeling requirements while the U.S. and EU have other specifications; A second Chinese court ruling affirms AI-generated images have copyright protection; and Supreme People’s Court cracks down on fraudulent behavior of prepayment service providers
A service provider that provides online information content dissemination services is required to verify AI labeling. New rules are set forth for capital increases of state-owned enterprises. Total asset requirement is relaxed for Hong Kong and Macao insurance company investments. Guangzhou allows 100% loss in a seed direct investment or angel direct investment.
Foreign expat insurance procedures are revised to align with Convention acceded to by China / CLP Reference: 2300/04.12.23 ; Promulgated: 2024-12-23 ; Effective: 2024-12-23
China regional headquarters in Shanghai that are upgraded to Asia-Pacific regional headquarters will be offered financial incentives / CLP Reference: 2300/25.02.17 ; Promulgated: 2025-02-17 ; Effective: 2025-03-01—2030-02-28
Hong Kong stock market rebounds when Chinese government halts Swiss listings; China backs AI with government investment fund; and China’s Supreme People’s Court further protects intellectual property rights in apple plant varieties.
