Charles Wu and Zaiguang Lu of Han Kun Law Offices review the significant legislative developments of 2021 affecting China's private equity and venture capital industry, and offer insights on the key trends, challenges and opportunities in the sector
Groundbreaking algorithm recommendation regulation finalized; CSRC pilots market makers for STAR Market; and copyright administration prohibits digital music exclusive copyright arrangements
Car manufacturing is no longer on the Negative Lists. A mobile app distribution platform shall authenticate the true identity information of app providers. An algorithmic recommendation service provider shall inform the user in a conspicuous manner of its provision of algorithmic recommendation services
Ting Wu of Haiwen & Partners reviews the regulatory reforms taking place in China's life science and healthcare sector including legislation that has been released to encourage innovation and broaden market access to drugs, implementation of the patent linkage system, increasing antitrust enforcement pressure in the pharma sector, regulating medical devices, cosmetics and online hospitals.
Manufacturing and service industries further opens up to foreign investment but loophole allowing foreign investment in restricted sectors is plugged; food producers warn of major disruptions as all foodstuffs now subject to import regulation; and trial macroprudential policy guidelines provide key definitions and high-level guidance for managing systemic financial risks
SPC issues draft provisions protecting consumer rights in online trading disputes. Injunctive preservation measures may be imposed on eco-environmental tort cases. CSRC permits Chinese firms listing overseas with VIE structure.
