In February 2023, The “Measures for the Administration of Securities Brokerage Business” issued by the China Securities Regulatory Commission (CSRC) came into effect.
In January 2023, China’s Ministry of Commerce and Ministry of Science and Technology issued “Several Measures for Further Encouraging Foreign Investment in Establishing Research and Development (R&D) Centers”.
In February 2023, the Chinese government issued the amended “Measures for the Administration of National Work Relief”, aiming to address unemployment issues in the short to medium term.
China has long adopted the approval-based initial public offering (IPO) system. The upcoming new policy will change the regulatory model of China’s securities market to a large extent.
The Ministry of Justice, the regulatory authority for lawyers in China, issued the “Notice on Strengthening Corporate Lawyers’ Participation in Corporate Compliance Management”.
In January 2023, China’s Ministry of Justice issued three arbitration guiding cases, aiming to publicize the advantages of arbitration in dispute resolution as being efficient, convenient, and professional.
In January 2023, China’s Supreme People’s Court released ten guiding cases on environmental public interest litigation, covering matters like smuggling foreign garbage and destroying natural relics.
In September 2022, a local court in Beijing issued a pre-trial conduct preservation order to stop noise nuisance,2 the first pre-trial injunction of its kind in Chinese judicial practice.
In 2022, China’s Ministry of Justice dealt with a total of 1692 judicial assistance requests from foreign countries, among which 1,571 were related to the service of documents, and 121 were related to the evidence-taking and the recognition and enforcement of judgments.