The U.S. released new regulations that will bring SPAC disclosure requirements more in line with traditional IPOs; First Chinese VC firm is included in U.S. Defense Department's military-related company list; and China is working on expanding its Anti-Money Laundering Law to cover virtual assets

Antitrust filing thresholds are raised. Jiangsu lists matters covered in the registration of intellectual property rights in data. The limit on a commercial property loan may not exceed 70% of the appraised value of the property.

Antitrust filing thresholds are raised

Guidelines provide for the simplified deregistration procedure

In 2023, the healthcare industry in China was subject to significant legislative advancements and reforms aimed at addressing industry concerns and promoting innovation. Hanshuo Zhou and Xiaoyun Wang of Jingtian & Gongcheng summarize the key events, and provide a reflective review based on their' practical experience

Shanghai plans a three-tiered cross-border data flow regime in the Lingang free trade zone to boost foreign investment; the U.S. proposes a "know your customer" regulation for cloud computing companies over China AI concerns; and a bill introduced in Congress called the BIOSECURE Act, is designed to broaden current sanctions on China

Total asset requirements of main promoters of financial leasing companies are increased

Shenzhen expands the scope of PE investments. CSRC clarifies M&A thresholds. Guidelines promote the revision of basic cloud computing standards

Jiangsu publishes the first guidelines on handling criminal cases involving trade secret infringement.