China Justice Observer

Thu, 27 Jan 2022 China Legal Trends CJO Staff Contributors Team

In December 2021, the draft amendments to PRC Company Law were submitted for deliberation, which refine the incorporation and dissolution system of companies.

Wed, 26 Jan 2022 China Legal Trends CJO Staff Contributors Team

In December 2021, the State Administration for Market Regulation conditionally approved SK Hynix’s purchase of Intel’s partial business.

Tue, 25 Jan 2022 China Legal Trends CJO Staff Contributors Team

In December 2021, China Banking and Insurance Regulatory Commission issued the “Notice on Clarifying Measures for the Opening-up of the Insurance Intermediary Market” (关于明确保险中介市场对外开放有关措施的通知) to relax conditions of market entry for foreign insurance intermediaries.

Mon, 24 Jan 2022 China Legal Trends CJO Staff Contributors Team

In December 2021, Weiya, one of China’s top live-streamers, was fined RMB 1.341 billion for tax evasion.

Sat, 22 Jan 2022 China Legal Trends CJO Staff Contributors Team

In December 2021, the amendments to the PRC Civil Procedure Law was passed, which focuses on online litigation.

Fri, 21 Jan 2022 China Legal Trends CJO Staff Contributors Team

In December 2021, China Securities Regulatory Commission (CSRC) issued the “Regulatory Provisions of the State Council on the Offshore Securities Issuance and Listing of Domestic Companies (Draft for Public Comment)” (国务院关于境内企业境外发行证券和上市的管理规定(草案征求意见稿)), which for the first time clarifies the legality of VIE structure.

Thu, 20 Jan 2022 China Legal Trends CJO Staff Contributors Team

In December 2021, China Netcasting Services Association issued the “Guidelines for Review of Online Short Video Content (2021)” (网络短视频内容审核标准细则(2021)), which specifically prohibits contents edited or adapted from films, TV dramas, or online TV series without authorization.

Wed, 19 Jan 2022 China Legal Trends CJO Staff Contributors Team

In December 2021, China’s mainstream local electric vehicle manufacturers XPeng Motor was fined for illegally collecting 430 thousands facial images by Shanghai market regulator.

Tue, 18 Jan 2022 China Legal Trends CJO Staff Contributors Team

In December 2021, the Nanjing Maritime Court issued the “Operating Procedures on the Ascertainment of Foreign Law (For Trial Implementation)” (关于外国法查明工作操作规程(试行)) , standardizing the ascertainment of foreign laws.

Mon, 17 Jan 2022 China Legal Trends CJO Staff Contributors Team

In December 2021, a court in Beijing ruled Bitcoin mining contract invalid in a service contract dispute case.