State Council unveils strict rules barring for-profit tutoring companies; MIIT launches six-month campaign targeting internet industry bad practices; and UBS launches family trust services for wealthy clients
CBIRC approves China's first wholly foreign-owned money broker to begin operations; Chinese investment in Europe fell to decade low in 2020; and NDRC releases new rules standardizing disclosure and compilation requirements for price index providers
Scott Yu and Frank Jiang of Zhong Lun Law Firm highlight recently introduced national security measures for review of foreign investments including its broader reach within China, the scope of M&A targets and expanded sectorial coverage, and the new review mechanism coordinated by the NDRC
Scrutiny of Chinese investment in the U.S. is unlikely to ease anytime soon, but a Biden administration is expected to adopt a less abrasive approach than that of his predecessor
U.S.-China investment flows fell to record lows during the Trump administration, but a Biden administration is unlikely to deviate from its predecessor's policy goals