Legal

New 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

CBIRC 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.

State Council eases investment procedures for telecommunications services, oil products and QFIIs

SPC clarifies the submission of new evidence in patent cases

Foreign-related awards are not necessarily more enforceable than foreign awards

FTSE 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

QFIIs 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

Permit requirements for unmanned civil aircraft are specified

A long-term stable trading relationship solely is not sufficient to constitute a trade secret