U.S.-China tensions remain number one concern among U.S. companies in China; FCC designates five Chinese companies as national security threats; and PBOC, SAFE launch pilot program in Beijing, Shenzhen for multinationals' foreign exchange purchases
Luokung Technology sues the U.S. government over CCMC designation; U.S. senators reintroduce bill proposing to bar blacklisted Chinese companies from U.S. capital markets; and VIE structures expected to undergo greater scrutiny under Chinese merger control regime according to new report
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
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
Casper Sek of Jin Mao Partners highlights key differences between the draft and final version of the Anti-Monopoly Guidelines for the Platform Economy Sector that data-related businesses should take note of
Chinese antitrust bodies finalize strict guidelines for platform operators; PBOC digital currency body links up with SWIFT to launch JV; and German chamber survey reports optimism despite pandemic woes
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.
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
