U.S. House unanimously passes Holding Foreign Companies Accountable Act; China releases first export control list under new regime, targetting encryption technologies; CBIRC publishes shadow banking report, defining sector for first time
A party may file applications for arbitration enforcement with both the mainland China court and Hong Kong court respectively, e-commerce platforms are required to set guidelines for handling IP infringement and mobile apps are restricted to collection of necessary personal information.
Coming into effect in January, China's fundamental law introduces new provisions on personal information protection and strengthens weaker parties in contractual negotiations
Hong Kong-mainland Stock Connect expands to include STAR Market-listed and pre-revenue biotech firms; Trump administration set to impose export control restrictions on 89 Chinese companies deemed to be tied to Chinese military; and zero P2P lenders in China following regulatory crackdown according to CBIRC official
Foreign financial institutions are allowed to invest in trust companies, an administrative reconsideration may be filed for improper government disclosure of information of citizens or entities and insurance companies bear legal liability for authorized acts of their agents.