On 19th March 2024, the Chinese government announced the issuance of a notice titled "Circular of the General Office of the State Council on Issuing the Action Plan for Solidly Promoting High-level Opening-up and Increasing Efforts to Attract and Utilize Foreign Investment" (“Circular”).

Cross-border guarantees have become an increasingly common financial instrument, facilitating international transactions and providing security for business operations across different jurisdictions. However, the legal landscapes of each country can vary significantly, leading to unique challenges and considerations when it comes to cross-border guarantees. In this newsletter, we will explore the key aspects that foreign enterprises should be aware of when accepting cross-border guarantees from Chinese entities.

Cross-border listing is an important part of the internationalization process of the capital market. In 2019, China proposed the goal of capital market reform to be "market-oriented, rule-of-law-based, and internationalized." In 2023, the "Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies" and supporting rules were implemented, and the supervision of going overseas will officially enter a new era. For Chinese companies, the U.S. securities market is attractive due to its large scale, mature development, and well-established legal system, making it one of the preferred locations for companies to go public overseas. In this context, domestic companies are facing dual regulatory issues. This article will start with a comparison of the regulatory systems between China and the United States, and then analyze the system, model, and specific regulations for securities public law enforcement in both countries. It will analyze the similarities and differences between them, and provide suggestions for the dual regulatory compliance risks faced by participants in the securities market.

An Analysis on the Management Measures for Voluntary Greenhouse Gas Emission Reduction Trading (For Trial Implementation)

On August 3, 2023, the Cyberspace Administration of China (" CAC ") issued the draft Administrative Measures for Personal Information Protection Compliance Audit and the accompanying "Personal Information Protection Compliance Audit Reference Points" ("Audit Reference Points", collectively referred to as "PI Audit Measures") for seeking public comments.

The New Changes of China’s Foreign Investment Access Policy in 2022 —— Analysis on the latest edition of the Negative Lists for Foreign Investment Access and the similarities and differences between the free trade zone version and the national version on the foreign investment access policy