Global logistics groups relocate Chinese staff overseas to support Chinese supply chains overseas; Chinese miners required to report more critical minerals in overseas reserves to Chinese government; and Banks asked to flag risky trade which includes the trading of cryptocurrencies
SAMR revises company registration measures to prevent shareholders from maliciously diverting property. CNIPA may carry out mediation for IP administrative reconsideration. Foreign expat insurance procedures are revised to align with Convention acceded to by China.
Business operators are prohibited from misusing their data and technology to impede the normal operation of the network product or service offered by another business operator
Supreme People’s Court clarifies the non-retroactive application of the revised Company Law ; Clp Reference: 2420/24.12.24 ; Issued: 2024-12-24 ; Effective: 2024-12-24
In 2024, the U.S. continued placing wide-ranging restrictions on Chinese interests. What made that year different was the impact those restrictions have on third countries. Charles Wu of Clyde & Co reviews the legislative changes, and offers practical insights into their potential impact with a focus on third countries, and the path forward in 2025
Chinese cybersecurity regulator details on the lenient certification method for cross-border data transfer; U.S. issues final rule to prevent “adversarial nations” accessing U.S. citizens’ sensitive personal data; and U.S. to ban venture capital funds from backing certain PLA-affiliated companies
Business operators are prohibited from misusing their data and technology to impede the normal operation of the network product or service offered by another business operator. New VAT Law solves the issue of a transaction with two tax rates. Supreme People’s Court clarifies the non-retroactive application of the revised Company Law.
China’s amendments to competition law aimed at tackling unfair behavior online; Cross-border funding pilot program for multinationals extended to 10 provinces and cities; and Chinese court follows Munich courts in granting Huawei an anti-anti-suit injunction against Netgear