On July 1, 2019, the State Administration of Market Regulation (SAMR) published three new anti-monopoly regulations: the Interim Provisions on the Prohibition of Monopoly Agreements (the “Monopoly Agreement Provisions”), the Interim Provisions on the Prohibition of the Abuse of Market Dominant Status (the “Market Domination Provisions”), and the Interim Provisions on Prevention of the Abuse of Administrative Power to Exclude or Restrict Competition (the “Administrative Power Provisions”, and all three together, the “Three New Regulations”).
Jul | 23
On July 5, 2019, the China Securities Regulatory Commission (CSRC) promulgated the Provisions for the Administration of Equity Ownership in Securities Companies. As was the case for the earlier consultation paper issued in March, 2018, the Provisions continues to emphasize the need for prudential regulation, but additionally provides for the implementation of “see-through regulation” and “classification management” in the equity ownership in securities companies.
Jul | 19
On June 18, 2019, the Ministry for Industry and Information Technology released the Provisions on the Administration of Cybersecurity Vulnerability, jointly drafted by the MIIT and relevant departments of the State Council, and which will be open for public comment until July 18, 2019. Whereas cybersecurity vulnerability had previously regulated by voluntary national standards, the Provisions now aim to clarify the regulatory objects and the competent authorities of cybersecurity vulnerability, as well as to provide procedural regulations for dealing with cybersecurity vulnerability.
Jun | 24
Recently, the Ministry of Commerce of the People's Republic of China (MOFCOM) announced that, according to relevant laws and regulations, China will establish an “Unreliable Entities List”. The Unreliable Entities List will target foreign legal persons, other organizations or individuals who block or cut supplies, or adopt other discriminatory measures against Chinese entities for non-commercial purposes, causing substantial damage to related industries in China or constituting a threat or potential threat to national security.
Jun | 18