China

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
On 27 September 2016, the State Administration for Industry and Commerce (“SAIC”) circulated for public comment the Announcement of the State Administration for Industry and Commerce on...
December 2016
China's banking regulator has drafted rules that will require lenders to tighten risk management in derivatives trading, a business the watchdog said has been expanding rapidly in recent years....
December 2016
China's securities market regulator said on Friday, 18 November, it had punished an investor for conducting what it called "illegal" cross-border trading through the Shanghai-Hong Kong ...
November 2016
The chief of one of Asia's most prominent financial trade bodies on Tuesday, 8 November, said new cyber security rules in China could make it harder for foreign companies operating in the...
November 2016
On 17 August 2016, the China Banking Regulatory Commission (“CBRC”), Ministry of Industry and Information Technology (“MIIT”), Ministry of Public Security (“MPS”) and the Cyberspace Administration of...
November 2016
On 5 July 2016, the NPC circulated for public comment the Network Security Law of the People’s Republic of China (Draft) (Draft for Second Review) 2016. The second draft contains significant changes...
November 2016
As the Chinese economy transitions from its traditional exporting base, we are beginning to see a rapid change towards much greater Chinese outbound investment. This trend is underpinned by...
November 2016