Banks and insurance companies to boost green finance development; PRC courts to develop standard uses of blockchain technology by 2025; strengthened internal management requirements ensures probity of intermediaries
Social insurance reductions are extended to the manufacturing industry. Banks are required to apply the expected credit loss method. Securities, accounting and law firms shall strengthen their management of insider information.
Casper Sek of Jingtian & Gongcheng looks at the latest developments in China's rules on cross-border transfers of personal information and finds that while this area has been a key area of focus for the authorities, a number of details are yet to be finalized
Potential economic downturn prompts the State Council to announce multiple significant measures aimed at supporting SMEs and foreign trade enterprises, and unlocking value in existing infrastructure projects.
Shanghai and Shenzhen Stock Exchanges issue rules on corporate science and technology innovation bonds. CNIPA issues guidelines assisting the catering industry in trademarking their names. Banking and insurance institutions shall safeguard consumers' right to fair trading