Hong Kong has played a key role in familiarizing PRC clients with tightening ESG requirements, lawyers say, and it will continue to do so as the city further bolsters rules in this area
National People's Congress passes landmark personal information protection law; SAMR releases draft unfair competition rules for internet industry; and State Council finalizes long-awaited draft on CII operators
Edward Tung, legal counsel for Hong Kong-based venture capital firm ORI Capital, discusses the growing importance of ESG, the rise of special purpose acquisition companies (SPACs) and the advantage of having scientific expertise when representing healthcare and biotechnology companies.
State Council promulgates regulations helping define critical information infrastructure. SPC defines business ethics in the context of unfair competition. SAMR prohibits unfair competition acts online.
Hong Kong buyers make first cross-border CCER deal under new national ETS; Arbitration Law proposed revisions released to align further with international practice; and Standard Chartered application for securities venture accepted by CSRC
The scope of matters that may be arbitrated is expanded. Government authorities are required to conduct a fair competition review when formulating regulations. Important data of intelligent connected vehicles require security assessment when transferred abroad.
