Legal

The interbank foreign exchange market launches prime brokerage business

Jianwei (Jerry) Fang and Wenpei Yu of Zhong Lun Law Firm discuss the main features of the Draft Data Security Law including the definition of data, clarification of the scope of regulatory power, the new data mechanism, export control measures and increased penalties

Trump strengthens sanctions over Hong Kong with executive order; China integrates fragmented bond markets to facilitate greater investment; U.K bars Huawei equipment from 5G networks citing U.S. sanctions

Global banks are increasingly being forced to pick a side amidst U.S.-China hostilities

Patent Law draft clarifies open licensing

The Supreme People's Court issues the first guidelines on trial of bond disputes, foreign bank branches may engage in fund custody business and the interbank foreign exchange market launches prime brokerage business.

Supply chain security means minimizing exposure of China's critical infrastructure to tightening U.S. export controls

Foreign banks' local branches can apply for fund custody licenses, fulfilling trade deal pledge; China's securities watchdog names and shames illegal margin lenders as fears grow of 2015 market rout repeat; and State Council announces sixth batch of FTZ reform measures to be rolled out nationwide

China's heightened scrutiny of supply chain security for critical infrastructure threatens foreign network suppliers' sales