Technology Media and Telecom

European Commission publishes full text of China-EU investment deal; PBOC publishes draft rules targeting anti-competitive practices of payment platforms; NPCSC adopts decision launching Beijing Financial Court

Sanctions and export controls remained the primary tools of the Trump administration for restricting Chinese entities' access to U.S. technology. The administration has fine-tuned export controls to extend U.S. jurisdiction to more transactions, a primary focus being Chinese companies with military ties due to China's state policy of military-civilian fusion.

A crucial part of being the GC for a VC is to support portfolios in their expansions

Nine more Chinese companies added to U.S. military company list; Commerce Dept. names China a foreign adversary, setting stage for tech transaction restrictions; and EU chamber report cites digital decoupling as biggest threat to EU companies

Chinese companies may request compensation for unjustified foreign sanctions.

Platform operators are not allowed to engage in wealth management.

China prohibits compliance with foreign sanctions, rules targeting Chinese entities; FTSE Russell, MSCI, S&P Dow Jones drop Chinese telecom companies; and CAC releases revised internet regulation draft

China's military-civil fusion was a major target of U.S. sanctions and export controls in 2020. Chinese companies saw their access to U.S. technology severely restricted by the expanded extraterritoriality of export control rules as well as new lists compiled by various government agencies targetting specific Chinese military end-users.

China and European Union agree major investment deal; New York Stock Exchange begins process of delisting three Chinese telecom giants; and CBIRC issues draft clarifying market access rules for foreign insurers