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
Casper Sek of Jin Mao Partners highlights new draft rules that aim to curb monopolistic behavior and strengthen the administrative supervision of the internet platform economy, and standardize online petty loans businesses that use big data by imposing new requirements on internet platforms used by such businesses
NDRC, MOFCOM launch new national security review for foreign investments; Trump administration adds SMIC and dozens other Chinese entities to Entity List; MSCI drops seven Chinese companies from indices following Trump Executive Order
The scope of China's cross-border personal information transfer regulatory regime is edging closer to being finalized, but businesses are in no rush to overhaul their data transfer practices
U.S. House unanimously passes Holding Foreign Companies Accountable Act; China releases first export control list under new regime, targetting encryption technologies; CBIRC publishes shadow banking report, defining sector for first time
