China Issues White Paper on Responding to Climate Change

Ahead of the COP26 Conference, China released a white paper to introduce the country’s progress and achievements in responding to climate change in recent years.

China to Pilot Real Estate Tax Scheme

The policy will lead to a significant shift in China’s real estate market.

China Provides Criminal Judicial Assistance via Online Video for the First Time

A witness located in China testified in a Finnish court via online video.

China Promulgates Family Education Promotion Law

In October 2021, China passed the Family Education Promotion Law, marking the first legislation that calls for parents or other guardians of minors to play a dominant role in minors’ education for the first time.  

China Enacts National Land Boundary Law

This is the first time that China has enacted a law on land boundaries, formulating its major judgments and strategic arrangements for the national territory and border security.

China Announces Types of Financial Derivatives Available for Foreign Investors

In October 2021, the CSRC and other two authorities jointly issued the “Announcement on the Participation of Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors in Financial Derivatives Transactions” (关于合格境外机构投资者和人民币合格境外机构投资者参与金融衍生品交易的公告), which expands the Qualified Foreign Investors’ investment scope.

China Issues Regulations for Systemically Important Banks

In October 2021, the PBC and CBIRC jointly issued the “Regulations on Additional Supervision of Systemically Important Banks (For Trial Implementation)” (系统重要性银行附加监管规定(试行)), which constitutes the last piece of the puzzle of the systemically important banks regulatory system.

China to Tighten Supervision over Major Shareholders in Banking and Insurance Institutions

In October 2021, CBIRC issued the “Provisional Rules on Major Shareholders Conduct of Banking and Insurance Institutions (For Trial Implementation)” (银行保险机构大股东行为监管办法(试行)), which regulates the conducts of major shareholders in participating corporate governance.

Beijing, Shanghai and Shenzhen to Launch Pilot Programs on Arbitration in Securities and Futures Industries

In October 2021, China Securities Regulatory Commission and the Ministry of Justice jointly issued the “Opinions on Launching Pilot Program on Arbitration in Securities and Futures Industries” (关于依法开展证券期货行业仲裁试点的意见).

SPP Expands Disclosure Scope of Case Information

In September 2021, the SPP issued the revised “Provisions of the People’s Procuratorate on Case Information Disclosure” (人民检察院案件信息公开工作规定), which expands the scope of disclosure of case information by the procuratorates.