ChiNext finalizes reforms liberalizing listing process while tightening disclosure requirements; Hong Kong sees major secondary listings in quick succession with Nasdaq-listed NetEase and JD.com; and American Express becomes first foreign player approved to offer card-clearing services in China
The Supreme People's Court has issued three law drafts clarifying the commercial value of trade secrets and liability of online service providers and e-commerce platform operators in IP infringement cases. Stricter regulation is imposed on lease financing companies in a bid to control risks.
Jerry (Jianwei) Fang and Wenpei Yu of Zhong Lun Law Firm discuss the important changes to updated Personal Information Security Specification and how it offers more protection to those who provide personal information for collection, and recommend actions companies should consider to ensure compliance under the new regulations
Major plan for Hainan to become globally-recognized free trade port released; Swiss bank Credit Suisse takes majority control of securities JV; and U.S.-China animosity extends to aviation industry with bans and walk backs
Business financing is supported by allowing New Third Board companies to transfer and list on other boards, as well as allowing securities companies to publicly offer subordinated debt. Commercial cryptography products require certification.
