Other Briefings
China’s New Rules for Private Funds: Implications for Chinese and Foreign Fund Managers
China’s new Private Fund Regulations came into effect on September 1, 2023, which provide clearer administrative measures on the country’s rapidly growing private fund sector. Key points and implications are summarized here.
Closing Your China Bank Accounts During Company Deregistration: New Instructions and Tips
We will delve into the recent directives disseminated to Chinese banks by the central authority, the People’s Bank of China (PBoC), outlining the stipulations pertinent to the company deregistration procedure.
China to Require Regular Compliance Audits for Personal Information Protection
New draft rules require companies to undergo regular audits to ensure compliance with the China Personal Information Protection Law (PIPL).
China Signals Support for Platform Companies Amid Easing ‘Tech Crackdown’
China’s technology sector witnessed a sudden increase in regulatory scrutiny, resulting in major fines, antitrust penalties, and need for restructuring in the last 3 years. However, the ‘tech crackdown’ may well be in sight with the government showing open support for platform companies at all levels.
How to Interpret China’s First Effort to Regulate Generative AI Measures
By creating a secure and conducive operational environment, China aims to foster innovation and responsible use of generative AI in various sectors. We discuss pertinent new regulation and its impact on the tech market.
Carbon Labeling on Products: Global Practice and Implementation in China
We discuss the practice of carbon labeling and its adoption by companies in select countries. China’s ‘dual carbon’ goals have resulted in recent regulatory developments and increased use of carbon labels.
WeChat Enables Foreigners to Pay with Overseas Cards in China
In its latest update to WeChat Pay, Tencent has enabled foreign users to link their international cards, enhancing mobile payments in China and aligning with efforts to attract international tourists and boost domestic consumption.
New Measures to Support Hong Kong and Macao Medical Institutions in Qianhai Cooperation Zone
We look at the highlights, benefits, and requirements proposed in the new measures to support the establishment and work of Hong Kong and Macao medical institutions within the Qianhai Cooperation Zone.
