SAMR prohibits business operators from using standard clauses to limit liability. Cybersecurity is strengthened on intelligent connected vehicles. Enterprise income tax treatment of cross-border hybrid investments is clarified.
Industry coverage, allowance allocation, and compliance obligations are all expected to be ramped up under China's national carbon emissions trading scheme
CAC issues draft rules tightening data security and privacy protection in auto industry; PCAOB releases proposed framework to implement delisting law; and BlackRock approved to begin operating majority-owned wealth management JV
FTSE Russell proposes index re-inclusion following Xiaomi court success; Commerce, FCC ramp up scrutiny of Chinese ICTS, telecom companies; and China bans Tesla from military bases over security concerns
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
New comprehensive reform plan for Shenzhen targeting fintech and financial sectors; new development plan for new energy vehicles promotes fast-charging stations and public service integration; and new State Council opinions proposes measures to improve quality of listed companies
