China’s E-Filing Surpasses Half of First-Instance Cases in 2020

In August 2021, the SPC issued the “Evaluation Report on Effects of Building Intelligent Courts to Promote Green Development”, showing that in 2020, more than 10.8 million cases were accepted online, accounting for 54% of the first-instance cases.

China Regulates Overseas Loans of Banking Financial Institutions

In September 2021, the People's Bank of China and the State Administration of Foreign Exchange jointly issued the proposed “Provisions on Issues Concerning Overseas Loan Business of Banking Financial Institutions”(Draft for Public Comment)(关于银行业金融机构境外贷款业务有关事宜的规定).

China Regulates Virtual Currency "Mining" Activities

In September 2021, the National Development and Reform Commission and other ten authorities jointly issued the “Notice on Regulating the Virtual Currency ‘Mining’ Activities” (关于整治虚拟货币 “挖矿”活动的通知), aiming to regulate the virtual currency “mining” activities and promote energy conservation and emission reduction.

One-stop Diversified Dispute Resolution Center of Universal Beijing Resort Established

In September 2021, with the open-up of Universal Beijing Resort, Tongzhou Primary People’s Court provides one-stop judicial services for disputes occurring within the resort area.

Implementing Regulations for China’s Supervision Law Enters into force

“Implementation Regulations for the Supervision Law of the People's Republic of China” (中华人民共和国监察法实施条例), being the first supervisory regulations made by the National Supervisory Commission since its establishment, entered into force on 20 Sept. 2021.

China to Prevent Speculation Risks in Virtual Currency Trading

In September 2021, the SPC and other nine authorities jointly issued “Notice on Further Preventing and Disposing of Speculation Risks in Virtual Currency Trading”(关于进一步防范和处置虚拟货币交易炒作风险的通知), restating the illegality of virtual currency trading in China.

SASAC Issues Rules on Board of Directors of Central State-Owned Enterprises

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.

Hainan FTP Introduces Third-party Assessment in Fair Competition Review

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.

Shanghai Court Interprets Montreal Convention in Air Transport Dispute

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.

SCIO Issues National Human Rights Action Plan of China (2021- 2025)

In September 2021, China issued the National Human Rights Action Plan of China (2021- 2025), which covers eight parts, including economic, social and cultural rights; citizen’s civil and political rights; and human rights education and research, etc.