China

China's three largest bitcoin exchanges said on Thursday, 9 October, they will strengthen oversight of customers' identities and sources of funds, in the latest shift since the Chinese central bank...
February 2017
On 16 November 2016, the State Administration for Industry and Commerce (“SAIC”) announced it had levied a RMB 667,724,176.88 administrative fine against Swedish packaging company Tetra Pak...
February 2017
On 18 November 2016, the SPC issued the Provisions on Certain Issues involving Trials of Independent Guarantee Disputes, which took effect 1 December 2016, to acknowledge the increasing use of these...
February 2017
On 8 December 2016, the Supreme People’s Court of the People’s Republic of China (“SPC”) issued ten decisions in Michael Jeffrey Jordan v Trademark Review and Adjudication Board, three of which...
February 2017
Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector. Lenders have struggled...
February 2017
On 3 September 2016, China's Standing Committee of the National People's Congress passed a new resolution (the “2016 NPC Resolution”), which abolished the country’s three-decade-long approval regime...
January 2017
The People's Bank of China has announced a tightening of requirements relating to transaction monitoring and reporting of suspicious transactions. The amended rules were announced in late...
January 2017
On 18 November 2016, the National People’s Congress (“NPC”) Standing Committee circulated for public comment the General Principles of the Civil Law of the People’s Republic of China (Draft) (“Draft...
January 2017
On 27 September 2016, the State Administration of Foreign Experts Affairs issued the Notice on the Implementation of the Pilot Programme for the Issuance of a Work Permit System for Foreigners in...
January 2017
On 7 November 2016, the National People’s Congress (“NPC”) Standing Committee enacted the Network Security Law of the People’s Republic of China 2016, which will take effect 1 June 2017. The...
January 2017
On 4 November 2016, the Cyberspace Administration of China (“CAC”) issued the Administrative Provisions on Internet Live-streaming Services 2016, which took effect 1 December 2016. The provisions...
January 2017
China's foreign exchange regulator said on Wednesday it busted illegal transactions totalling $2.7 billion in Shanghai in cooperation with the police in 2016, and suspended three unnamed banks...
December 2016
China's central bank stepped in to urge major commercial banks to lend to non-bank financial institutions on Thursday afternoon after many suspended interbank operations amid tight liquidity...
December 2016
China's central bank will tighten supervision of shadow banking businesses by including off-balance sheet wealth management products ("WMPs") into its risk-assessment framework next year, sources...
December 2016
China's securities regulator said on Friday, 16 December, it had approved the launch of options contracts for white sugar and soymeal, which will be the first agricultural derivatives products in the...
December 2016
China's insurance regulator has issued warnings to 10 companies after they failed to properly carry out self-inspections on their risk levels, the Securities Daily newspaper reported on Friday, 16...
December 2016
On 21 October 2016, the National Development and Reform Commission (“NDRC”) circulated for public comment the Negative List for Internet Market Access (“First Batch, Pilot Version”). The...
December 2016
On 13 October 2016, the State Council released to the public the Plan to Implement Special Rectification Work on Internet Finance Risks, which was circulated internally on 12 April 2016. The plan...
December 2016
On 19 September 2016, the Supreme People’s Court (“SPC”) issued the Measures of the Supreme People’s Court for the Establishment and Management of the Database of Online Service Providers 2016, which...
December 2016
The PRC Cybersecurity Law will come into force on 1 June 2017, and has significant implications for the data privacy and cybersecurity practices of both Chinese companies and international...
December 2016