In August 2021, the People's Bank of China and other four authorities jointly released the “Notice on Promoting the Healthy Development of the Credit Rating Industry in the Bond Market”(关于促进债券市场信用评级行业健康发展的通知), laying out regulations on bond credit rating.
In July 2021, China's Ministry of Commerce reported on the national online retail market in the first half of 2021, showing a total of CNY 6.11 trillion sales in this period, with a year-on-year increase of 23.2 %.
Driven by China's cultural tradition and judicial practice, it is common to see the de facto 6-month cooling-off period in litigation, which may be reinforced by the 'cooling-off period for mutual consented divorce' in the Civil Code.
In July 2021, Beijing Intellectual Property Court rendered the first-instance judgment on the trademark infringement and unfair competition case between the investors of the TV drama ‘Ipartment’ and the movie with the same title.
In July 2021, for the purpose of countermeasure, China announced sanctions being imposed on seven US individuals and entities, which is the first time that the Anti-Foreign Sanctions Law being applied since its implementation.
In July 2021, MOFCOM and other two authorities jointly issued “Working Guidelines for Outbound Investment and Cooperation on Digital Economy”(数字经济对外投资合作工作指引), which encourages enterprises to seize opportunities in overseas digital infrastructure markets and pay attention to the prevention and control of risks.
In July 2021, the SPC issued "Provisions on Several Issues Concerning the Application of Law in the Trial of Civil Cases Involving the Use of Facial Recognition Technologies to Process Personal Information" (关于审理使用人脸识别技术处理个人信息相关民事案件适用法律若干问题的规定), stipulating relevant tort liabilities and contractual rules, etc.