Banks should pay attention to potential country risks, as well as risks existing in credit and investment. A transition period of two years is set for loss provisions counted as part of net capital of banks. Online trading platform operators are required to provide information on a merchant trading on its platform when a recall of defective products are involved.
CSRC specifies rules for convertible bond financing for M&A. Trust companies are rated for different levels of regulation. Online companies are required to comply with trade secrets protection specifications.
A recent change in rules amends the jurisdiction of the IP tribunal of China's highest court, potentially freeing up judicial resources. Fang Qi and Danlei Wu of Fangda Partners review the new rules and their impact
European Chamber survey highlights its issues with China's data privacy laws; Purplevine IP funds IP lawsuits in the U.S. amidst attempts to control litigation finance practices; and Outlined regulations affect the future cryptocurrency market of Hong Kong.
Once the bill passes, Singapore will join such countries as China, Japan, the U.S., Australia and the U.K., which have comparable investment regulations.
UK NSI Act update may bring new opportunities for foreign companies; Fund registration and operational requirements are relaxed to lower cost of foreign investment in China capital markets; and NFT theft is considered criminal theft due to its property and data characteristics.
Revised state secrets protection law specifies acts of violation. State Cryptography Administration issues rules on security assessment of commercial cryptography, as well as qualifications for commercial cryptography testing institutions.
