Lawyers also say U.S.-China trade tensions could be further damaged by "reverse CFIUS," a proposed law under which the U.S. government could prohibit investments into China it deems a threat to certain domestic capabilities.
PCAOB and Beijing reach audit agreement to prevent mass delisting; U.S.-China merger abandoned following U.S. antitrust investigation; new compliance rules for wealth management companies
Ministry of Transport outlines criteria for recognizing critical information infrastructure of the transport sector. A wealth management company is required to continuously track the changes in the risk monitoring indicators of each wealth management product. Shenzhen specifies wage payment deadlines of employers.
Zhenyu Ruan, Yangdi Zhao of Baker McKenzie FenXun (FTZ) Joint Operation highlight notable legal developments in the three main legal areas of the virtual world called the metaverse, namely cryptocurrency regulation, NFT copyright infringement and data privacy
Loan prime rates slightly lowered; 3-year development blueprint for the Lingang Free Trade Zone unveiled; New rules on exercise of administrative discretion
Shanghai issues rules to clarify appraisal of SOE-invested PE fund units. Shanghai Stock Exchange sets forth more disclosure requirements on low-income housing REITs. Insurance companies are allowed to issue open-ended capital bonds.
