The U.S. Department of Defense imposes further sanctions on Chinese tech firms; Chinese chip companies denied access to U.S. technologies; Tim Hortons China secures a SPAC merger.
High-tech companies are allowed 100% super tax deduction. China lifts property loan restrictions and allows cities to adjust the rates. CBIRC revises regulations to achieve equal treatment of domestic and foreign bank investment.
Casper Sek, Partner at Jingtian & Gongcheng, answers some frequently asked questions asked by foreign companies seeking to navigate China's cybersecurity and data laws
A draft national standard defines core and important data according to their impact to national security and economic operation. Shanghai issues the first provincial-level regulations on AI. A circular is issued prohibiting the hoarding and reselling of photovoltaic power plant development resources.