Online loans should be offered in a small scale, CBIRC supports foreign bank branches in applying for fund custody qualifications and trust companies are required to penetratingly identify the underlying assets.
HSBC becomes sole controller of Chinese life insurance venture; first U.S. IPO from China after Luckin scandal raises $510 million; and the CBIRC proposes new rules to regulate online lending.
Product or service providers of critical information infrastructure operators are required to cooperate in cybersecurity reviews, CSRC launches publicly offered REITs and SPC specifies the use of language terms for patent claims filing.
U.S. Commerce Department removes civilian end-use exception for tech exports to China; ChiNext to trial registration-based IPO system following STAR board success; new civil litigation evidence rules take effect amid coronavirus disruption to contracts