Fang Zhou and Yue (Brett) Zhang of JunHe review the old regulatory system of cryptography law and how the newly introduced PRC Cryptography Law brings a more flexible approach for cipher products to flourish in China.
New consumption tax draft law puts State Council center stage; major mobile apps caught for illegal data collection practices; and NPC launches online platform for submitting constitutional review requests
Law drafts are released on value-added and consumption taxes redefining eligible taxpayers while online audio and video information service providers are required to establish a rumor refutation mechanism.
Frank Jiang and Emily Xu of Zhong Lun Law Firm highlight the newly introduced regulations aimed at foreign-invested banks and insurers to encourage foreign investors to expand their presence in China and strengthen the competitiveness in the financial sector
Alibaba raises $13 billion in Hong Kong secondary listing; MSCI wants more hedging tools and easier settlement cycles before further stock inclusion; Trump signs Hong Kong democracy act in trade war setback
CAC specifies procedures for reporting of cybersecurity threats, CBIRC lowers the thresholds for foreign investment access to trust companies and a new regime of judicial enforcement of block trade disputes is established.
