Legal

2022 regulatory trends in China, including data protection, TMT, capital markets, PE/VC, IP, dispute resolution, healthcare, banking & finance, sanctions and antitrust.

CSRC kicks off the registration-based IPO reform across securities trading boards. Data transfer restrictions may be eased for foreign R&D centers. SPC clarifies issues on criminal IP infringement.

Company Law draft enhances shareholders' responsibilities for capital contribution.

MOF clarifies accounting treatment for enterprise data resources

US Congress passes Act to protect American intellectual property; China plans measures to boost foreign investment centrally and locally; and deals in the life sciences sector are subject to strong CFIUS scrutiny.

The Guidelines on Green Finance for Banking and Insurance Industries promulgated by the China Banking and Insurance Regulatory Commission along with the amended Measures for the Regulatory Assessment of Corporate Governance of Banking and Insurance Institutions set out more comprehensive rules applicable to banking and insurance institutions, as part of China's broader transition to a sustainable and resilient economy.

Following an eventful year, Casper Sek of Jingtian & Gongcheng reviews the significant developments in China's data protection landscape for 2022, and ponders its further evolution in 2023

2022 was yet another action-packed year in China's TMT sector. Despite the continuity of platform regulation and new rules targeting emerging fields such as NFT and deepfake technologies, the momentum started to fade in the second half of the year in light of a slowing-down economy. Legislators are hoping such developments may navigate the more digitalized TMT sector through a tumultuous year ahead

The Chinese government has been deepening its reform over the past year in order to foster evolving regulatory framework. Deeper reforms coupled with a chilled market means life science companies should prioritize their assets and re-position their business strategies in order to survive and grow stronger.