China: Compliance

China's securities regulator has launched a comprehensive crackdown on illegal cross-border securities activities, raising critical questions about the legal boundaries between legitimate offshore brokerage services and prohibited domestic operations. When mainland Chinese investors voluntarily travel to Hong Kong to open securities accounts with licensed brokers, does this constitute illegal domestic business activity, and how do courts determine the validity of resulting margin financing agreements?

China’s new Automotive Data Cross-border Transfer Guidelines (2026 Edition) (Guidelines), jointly issued by eight Chinese ministries and effective July 1, 2026...

Companies entering emerging markets often rely on local workarounds to navigate complex regulatory environments, from using connected intermediaries to speed permits to keeping workers off the books.

China's Supreme People's Court and Supreme People's Procuratorate have unified criminal prosecution standards for bribery involving non-state personnel with those for state officials, dramatically lowering thresholds and increasing penalties. This landmark judicial interpretation eliminates the historical "dual-track" system that treated private sector corruption more leniently, fundamentally reshaping compliance obligations for foreign and domestic enterprises operating in China.

Trust companies face increasing litigation over suitability obligations as courts scrutinize whether financial institutions properly assess investor risk tolerance, understand product risks...

China's State Council has issued new regulations on countering foreign extraterritorial jurisdiction, while regional courts and regulatory bodies advance bankruptcy and debt restructuring frameworks. Key developments include the establishment of Xiamen's out-of-court restructuring service center, adjustments to cross-border lending rules, and expanded pilot programs for mandatory liquidation procedures across seven provinces.

Anti-corruption continued to be a major focus for Chinese regulators in 2026, with the Supreme People’s Court publishing its first new judicial interpretations of China’s corruption and bribery regulations in a decade.

On May 5, 2022, the Hague Agreement officially came into effect in China. This development enables applicants to designate multiple member countries, including China...

在强监管与市场化竞争的双重背景下，反舞弊合规已成为民营企业防范经营风险、实现可持续发展的核心治理议题。