Following the tragic Yancheng explosion, China is reviewing its related safety regulations; the government released the names of 197 information providers now registered in the use of blockchain-based technology; and laws controlling production of the drug Fentanyl have now been extended to all its derivatives.
Casper Sek and Ben Qi of Jin Mao Partners examine the newly introduced provisions on blockchain information services and discuss their regulatory scope and how they will regulate such services.
China's State Council will soon be regulating gene editing and biotechnologies; in a major sting on illegal P2P lenders, Chinese authorities netted Rmb10 billion in assets and arrested 62 people from 16 countries; and Chinese regulators increase the pressure on banks to boost lending to SMEs.
