Chinese Courts and Rulings

The Chinese government has sped up regulatory approval on foreign financial service business in recent months, after an official vowed last year to do more to "attract more outstanding international companies and talents to China's capital market."

After a seven month long investigation, China's anti-trust agency decided to fine CNKI 87.6 million yuan (approximately US$12.7 million) for violating the Anti-Monopoly Law and abusing market dominance.

China's National Intellectual Property Administration (NIPA) recently ruled on two patent infringement disputes, the first of its kind under the agency's new authority to review major patent disputes.

China has ramped up trade sanctions on Taiwan by curbing additional Taiwanese imports. It also announced sanctions on two foundations and at least four companies for engaging in "separatist activities."

China's Customs agency announced that it would suspend beef imports from a U.S. company due to the detection of an illegal substance, an outstanding issue that the United States and China were supposed to work on under the Phase One Agreement.

After a year long investigation, the Chinese cyber regulator announced a fine of over 1 billion US dollars on ride-hailing company Didi for violating laws on cybersecurity, data security and personal information protection. This marks the end of China's first cybersecurity review.

China's Ministry of Finance (MOF) has imposed its first cross-border penalty for financial fraud on Malaysian listed company Lambo Group Berhad's subsidiary in China.