After the China Banking and Insurance Regulatory Commission announced 12 measures to open up China’s banking and insurance industry in May, the Financial Stability and Development Committee under the State Council announced...more
10/24/2019
/ Bond Markets ,
China ,
China Securities Regulatory Commission (CSRC) ,
Financial Institutions ,
Financial Markets ,
Financial Regulatory Reform ,
Foreign Investment ,
Hong Kong’s Financial Services Development Council (FSDC) ,
Institutional Investors ,
Investment Opportunities ,
Pension Funds ,
People's Bank of China ,
QFIIs ,
RQFII ,
S&P
China is marching on to be the world's pioneering cashless society but unfortunately there is an almost complete absence of foreign counterparts in the huge Chinese domestic or cross border transactions initiated from China....more
8/27/2019
/ China ,
Critical Infrastructure Sectors ,
E-Commerce ,
Foreign Investment ,
Foreign Investment Entities (FIEs) ,
Internet Retailers ,
Licensing Rules ,
Payment Services Directive ,
PBOC ,
Regulatory Oversight ,
Telecommunications ,
Third Party Payments
Between July and August 2019, China's State Administration of Foreign Exchange ("SAFE") made one step forward towards China's comprehensive foreign exchange reform. The local branches of SAFE in China's 12 Free Trade Zones...more
Much has already been written about the foreign investment law which was voted into law by China's highest legislative body, the National People's Congress of the People's Republic of China, on 15 March 2019.
...more
China's new FIL and ambitious but controversial long-term strategies such as "Made in China 2025" mean potentially greater investment opportunities for international companies - particularly in high-tech manufacturing, life...more
6/5/2019
/ China ,
Foreign Direct Investment ,
Foreign Investment ,
Foreign Relations ,
Intellectual Property Protection ,
Investment Funds ,
Investment Opportunities ,
Investors ,
Multinationals ,
Technology Transfer Agreements ,
Trade Wars ,
US Trade Policies ,
Webinars
On 28 May 2019, the Cyberspace Administration of China (CAC) released the draft Measures on the Administration of Data Security (Data Security Measures, see our in-house English translation here) for public...more
The cybersecurity classified protection regime attracted significant attention when it was included in the Peoples Republic of China (PRC) Cyber Security Law promulgated in 2017 (the CSL). The CSL mandates that network...more
The Social Credit System ("SCS") in the People's Republic of China is not a new concept.
But the Chinese Social Credit System is nothing if not controversial. There are two world views of the SCS, which paint diametrically...more
On 1 February, 2019, the National Information Security Standardization Technical Committee issued an amended version of the GB/T 35372-2017 Information Technology – Personal Information Security Specification for public...more
As had been widely anticipated, the Foreign Investment Law was voted into law by China's highest legislative body, the National People's Congress of the People's Republic of China on March 15, 2019.
...more
In a recent move involving both the Chinese legislature (the National People’s Congress) and the executive branch (the State Council), China has overhauled two of its most important pieces of legislation governing inbound...more
On December 26, 2018, the National People's Congress (NPC) of the People's Republic of China (China or PRC) issued a revised draft Foreign Investment Law (the 2018 Draft) for public comments, accompanied by an explanation...more
In this edition we survey the latest legal and regulatory developments across the global media and communications industry. We have a particular focus on new privacy laws.
...more
On December 29, 2017, the Standardization Administration of China, jointly with the PRC General Administration of Quality Supervision, Inspection and Quarantine, issued the Information Security Technology – Personal...more
11/14/2018
/ China ,
Consumer Protection Laws ,
Cooperative Compliance Regime ,
Cybersecurity ,
Data Collection ,
Data-Sharing ,
General Data Protection Regulation (GDPR) ,
Information Technology ,
Personal Data ,
Personally Identifiable Information ,
Popular ,
Regulatory Oversight ,
Regulatory Requirements
China's new rules for Internet-based medical services – telemedicine, Internet hospitals and Internet-based diagnosis came into force on 17 July 2018.
...more
10/31/2018
/ China ,
Diagnostic Tests ,
Electronic Prescribing ,
Health Care Providers ,
Health Information Technologies ,
Hospitals ,
Internet ,
Licensing Rules ,
Physicians ,
Telehealth ,
Telemedicine
In July 2017, Mainland China and the Hong Kong SAR launched the Bond Connect Scheme ("Bond Connect"). Bond Connect is a milestone in the liberalization of the Chinese debt capital markets, a significant opportunity for...more
In a move designed to boost the issuance of Panda bonds and encourage foreign participation in the Chinese bond market, the People’s Bank of China (the Chinese central bank) and the Ministry of Finance jointly issued the...more
In stark contrast to the rapid development of e-commerce in China, it has taken nearly five years and no less than four drafts for China to finalise its first e-Commerce Law. The new law will enter into force on 1 January...more
9/24/2018
/ Antitrust Provisions ,
Business Licenses ,
China ,
Corporate Counsel ,
Cross-Border Transactions ,
Cybersecurity ,
Data Protection ,
E-Commerce ,
Intellectual Property Protection ,
Internet Retailers ,
Internet Taxation ,
New Legislation ,
Online Advertisements ,
Online Platforms ,
Popular ,
Retail Market ,
Risk Mitigation ,
Sales Tax ,
Taxation ,
Website Owner Liability ,
Websites
Foreign investment in cloud services is heavily restricted in China. For years, international cloud operators have been struggling to identify structures that address regulatory concerns, but at the same time enable a service...more
On 28 June 2018, the National Development and Reform Commission and the Ministry of Commerce released the Foreign Investment Market Access Special Administrative Measures (Negative List) (2018 Version), which will become...more
In March of this year, the State Council released the Scientific Data Administrative Measures, a set of rules with the seemingly innocuous aim of collecting and making public the results of government-funded scientific...more
Amidst all the background noise about possible trade wars and retaliatory measures, it seems like a good time to take a step back and reflect on one of the most emblematic representations of Chinese global 'soft power': the...more
On March 21, 2018, the Chinese central bank and regulator of payment services operators (“PSOs“), the People’s Bank of China (the “PBOC“) circulated PBOC Announcement No.7 of 2018 (the “Announcement“) lifting the de facto but...more
On 29 March 2018, the Chinese State Council released the External Transfer of Intellectual Property Rights Measures (for trial implementation) (the IPR Overseas Transfer Measures) providing for further governmental scrutiny...more
On December 20, 2017, the China Food and Drug Administration (“CFDA“) released two draft documents for public comment:
(1) Conditional Approval for Urgently Needed Drugs Technical Guidance (the “Draft Conditional Approval...more