Serious willful IP infringements may be liable to punitive damages. SPC IP court defines business use of a patent by public service institutions. CSRC implements a registration system for offering of corporate bonds.
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
Most high-tech MNCs expect greater difficulties in China even with more market access; Chinese investment in Australia plummets in 2020 amid pandemic and regulatory scrutiny; and China approves Schroders majority-owned wealth management JV
Commercial banks are not allowed to engage in cross-region online lending. CBIRC strengthens regulation of reputational risk, as well as anti-money laundering and anti-terrorist work of commercial banks.
CBIRC finalizes online lending rules requiring strict loan finance ratios; U.S. Chamber of Commerce warns of dire economic impact of decoupling; and China replaces U.S. as EU's biggest trading partner in goods
2020 was a significant year for personal information protection in China. Jerry (Jianwei) Fang and Wenpei Yu of Zhong Lun Law Firm examine the year's important developments.