The Supreme People’s Court published the Annual Report on Judicial Review of Commercial Arbitration (2019). The first of its kind, the Report documents Chinese courts’ pro-arbitration stance and decisions.
In September 2021, China issued the “Outlines for Building a Powerful Country with Intellectual Property Rights (2021-2035)” (知识产权强国建设纲要(2021-2035年)), which aims to improve the creation, application, protection, management and services for intellectual property rights.
In September 2021, China Banking and Insurance Regulatory Commission (CBIRC) released the “Circular of the General Office of the China Banking and Insurance Regulatory Commission on Matters Relating to the Filing of Asset-backed Plans and Insurance Private Equity Funds” (中国银保监会办公厅关于资产支持计划和保险私募基金登记有关事项的通知), which loosens the supervision of Insurance Asset-backed Schemes and Private Equity Funds from registration to filing.
In September 2021, the Ministry of Commerce and other two authorities jointly issued the “Statistical Bulletin of China's Outbound Direct Investment in 2020” (2020年度中国对外直接投资统计公报), which shows that the amount of China's outbound direct investment reached USD 153.71 billion, up 12.3% year-on-year.
In September 2021, the General Office of the State Council issued the “14th Five-year Plan for Universal Medical Security” (“十四五”全民医疗保障规划), marking China’s first five-year plan in the field of medical security.
In September 2021, the “Regulation of Zhejiang Province on E-commerce”(浙江省电子商务条例) was passed by the Standing Committee of the 13th Zhejiang Provincial People's Congress, marking China’s first local legislation for e-commerce.
In September 2021, Zhejiang passed the “Decision of the Standing Committee of the Zhejiang Provincial People's Congress on the Tackling of Online False Information” (浙江省人民代表大会常务委员会关于网络虚假信息治理的决定), aiming to establish the mechanism for combating online false information.
China’s State-owned Assets Supervision and Administration Commission of the State Council recently issued the “Working Rules of the Board of Directors of Central State-Owned Enterprises (for Trial Implementation)” (中央企业董事会工作规则(试行)), aiming to enhance the supervising role of the board of directors in central state-owned enterprises.
The newly-issued “Measures for Third-party Assessment of Fair Competition Review (for Trial Implementation)” by the Anti-monopoly Commission of China (Hainan) Pilot Free Trade Zone came into force on 1 Oct. 2021.
In September 2021, a local court in Shanghai made a systematic interpretation of Article 35 of the Montreal Convention, holding that the “period” in this article constitutes a limitation of actions, rather than the preemption claimed by the airline company.