Thu, 23 Jan 2025 China Legal Trends CJO Staff Contributors Team
China's newly revised Anti-Money Laundering Law, effective January 1, 2025, strengthens regulations on financial institutions, enhances AML obligations, and includes measures to prevent terrorist financing.
Tue, 03 Sep 2024 China Legal Trends CJO Staff Contributors Team
In June 2024, China’s Supreme People’s Court (SPC) released five typical cases of financial fraud, aiming to strengthen the punishment of financial fraud, protect the legitimate rights and interests of investors, and promote the sound development of the industry.
Wed, 22 May 2024 China Legal Trends CJO Staff Contributors Team
In December 2023, China’s Supreme People’s Procuratorate (SPP) and the State Administration of Foreign Exchange (SAFE) jointly released eight typical cases of cracking down on illegal foreign exchange crimes, highlighting concealment methods, complex transactions, and dissemination of illicit information through social media.
Fri, 15 Mar 2024 China Legal Trends CJO Staff Contributors Team
In December 2023, China’s State Council issued regulations for non-banking payment institutions, outlining minimum capital requirements, business operation divisions, and data storage mandates effective from May 1, 2024.
Wed, 27 Dec 2023 China Legal Trends CJO Staff Contributors Team
In October 2023, China's Supreme People’s Procuratorate (SPP) released seven typical financial investment fraud cases, aiming to boost public awareness and safeguard assets by exposing common scams in areas such as funds, foreign exchange, stocks, futures, and insurance.
Tue, 31 Oct 2023 China Legal Trends CJO Staff Contributors Team
The Shanghai Financial Court's 2018-2023 Work Report, released in August 2023, highlights its handling of a significant number of financial cases, including securities disputes and financial contract disputes, with a total value of more than CNY1.1 trillion (USD152.19 billion), and provides insights into the court's role in the context of Shanghai's status as an international financial center.
Mon, 02 Oct 2023 China Legal Trends CJO Staff Contributors Team
In July 2023, China’s State Council issued the “Regulation on the Supervision and Administration of Private Investment Funds”.
Mon, 21 Aug 2023 China Legal Trends CJO Staff Contributors Team
In May 2023, the Shanghai Financial Court (SFC) concluded China’s first civil compensation case for fraudulent asset-backed securities (ABS) issuance (See Postal Saving Bank of China Co., Ltd v. Kunshan Meijite Dengdu Management Co., Ltd et al. (2020) Hu 74 Min Chu No. 1801).
Tue, 08 Aug 2023 China Legal Trends CJO Staff Contributors Team
In February 2023, the China Securities Regulatory Commission (CSRC) and the People’s Bank of China jointly issued the “Interim Provisions on the Regulation of Major Money Market Funds”.
Mon, 10 Jul 2023 China Legal Trends CJO Staff Contributors Team
In April 2023, the People’s Bank of China issued the “Interim Measures for the Administration of Mutual Access Between the Mainland and Hong Kong Interest Rate Swap Markets”, which will apply to the “Northbound Trading of Swap Connect”.