As the tensions between US and China continue to escalate, the two countries are both taking an increasingly protectionist stance against each other. Over the past few years, both US and China have adopted a series of rules and regulations that affect cross-border investments and cross-border commerce.
The US has significantly tightened its export controls regulations, often specifically targeting China and Chinese companies such as Huawei. Chinese investments in the US is facing the highest regulatory scrutiny in a long time, especially in the areas of sensitive personal data, critical infrastructure and critical technology. Meanwhile, China has adopted a series of actions, including the adoption of the Foreign Investment Law, aiming to encourage foreign investment. However, regulatory burdens on foreign investors are still high.
Haynes and Boone developed this resource center to keep track of key legal/regulatory developments in both the US and China that could affect US-China cross-border investments and cross-border commerce. We aim to help companies and investors better understand the practical aspects of these developments and stay nimble to achieve their cross-board investment/commerce goals.
View webinars related to US-China business issues here.
Listen to podcasts here.
The People’s Bank of China (“PBOC”) posted the Notice on Further Prevention and Disposal of the Risk of Speculation in Virtual Currency Trading (“Notice”) (关于进一步防范和处置虚拟货币交易炒作风险的通知) on its website on September 24, 2021. This Notice is marked effective as of September 15, 2021. The Notice reinforced the concept that cryptocurrency is illegal and provides that all related services, such as offering t [...]