Tag:People's Republic of China

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People’s Republic of China: CSRC Intends to Expand Business Scope for Futures Companies
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People’s Republic of China: First QDLP Managed by WFOE PFM Launched in Shanghai
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People’s Republic of China: CSRC Expanding Registration Based IPO Regime
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People’s Republic of China: Standard Contractual Clauses for Export of Personal Information Were Officially Released

People’s Republic of China: CSRC Intends to Expand Business Scope for Futures Companies

By Chloe Duan and Grace Ye

On 24 March 2023, China Securities Regulatory Commission (CSRC) released the draft amended Regulatory Measures for Futures Companies (Amended Regulatory Measures) for consultation, aiming to, amongst others, expand the scope of business activities that future companies are allowed to conduct directly.

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People’s Republic of China: First QDLP Managed by WFOE PFM Launched in Shanghai

By Chloe Duan and Grace Ye

In 2016, the China Securities Regulatory Commission launched the wholly foreign-owned enterprise private fund manager (WFOE PFM) program to encourage foreign fund managers to make investments in China with money raised in China. With the launching of the first Qualified Domestic Limited Partner (QDLP) fund managed by a WFOE PFM in March 2023, foreign fund managers now have the choice to decide where to invest globally with the funds raised in China.

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People’s Republic of China: CSRC Expanding Registration Based IPO Regime

By Chloe Duan and Grace Ye

The China Securities Regulatory Commission (CSRC) released a series of rules on reform of the regulatory regime for initial public offering (IPO) on Chinese stock exchanges (Reform). The Reform essentially expands the registration-based IPO regime (Registration Regime) to the main boards at the Shanghai Stock Exchange and the Shenzhen Stock Exchange.

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People’s Republic of China: Standard Contractual Clauses for Export of Personal Information Were Officially Released

By Grace Ye and Chloe Duan

China has promulgated a series of laws and regulations governing data protection, in particular data export in past years.

The People’s Republic of China (PRC) law currently provides three routes for data export, i.e., (1) Cybersecurity Administration of China (CAC) assessment, (2) certification (by professional institutions), and (3) standard contractual clauses (SCC). Depending on the nature and volume of data to be exported and the identity of the exporter, the exporter must pick at least one route in order to export data.

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