Scott Yu, Frank Jiang, Rachel Li, Emily Xu and Derek Liu of Zhong Lun Law Firm discuss a recent joint venture between Yum China and Mininglamp that the firm advised on involving a variable interest entity (VIE) structure that received unconditional clearance from the State Administration for Market Regulation (SAMR), which is the first case of its kind in China. They also highlight key issues arising in a merger filing involving a VIE structure and offer some key practical guidance for VIE structured companies
The interbank bond market and stock exchange bond market in China are integrated, online loans may not be used for securities trading and Shenzhen tightens property curbs again.
Jianwei (Jerry) Fang and Wenpei Yu of Zhong Lun Law Firm discuss the main features of the Draft Data Security Law including the definition of data, clarification of the scope of regulatory power, the new data mechanism, export control measures and increased penalties
Trump strengthens sanctions over Hong Kong with executive order; China integrates fragmented bond markets to facilitate greater investment; U.K bars Huawei equipment from 5G networks citing U.S. sanctions