China Flexes Its Financial Muscle

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In: Finance | 金融, SinoExpress™ | 丝络速递™

Image: Peter Griffin, Chinese Currency, Publicdomainpictures.net

China has signed memoranda of cooperation with Laos, Kazakhstan, and Pakistan to establish RMB clearing arrangements for handling cross-border transactions between China and these countries. Are other countries likely to follow suit and establish RMB clearing arrangements to strengthen their economic relations with China?
中国与老挝、哈萨克斯坦、巴基斯坦等国签署合作备忘录，为处理中国与这些国家的跨境交易建立人民币清算安排。其他国家是否会仿效建立人民币清算安排，以加强与中国的经济关系？Read more

Cross-Border Use of Digital Yuan Contributes to Financial Inclusion

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Image: Kai Stachowiak, Networking, Publicdomainpictures.net

Following the successful implementation of mBridge, what are the next steps for this pilot project’s development? What useful experiences (e.g., in testing the domestic use of its digital currency, providing related mobile payment services, and setting legal standards) can China share with other countries?

在试行成功之后，货币桥下一步的发展是什么？中国可以与其他国家分享哪些有用的经验（例如，在测试其数字货币的国内使用、提供相关的移动支付服务、制定法律标准等方面）？Read more

JV Between BNP Paribas & Agricultural Bank of China

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In: Finance | 金融, SinoExpress™ | 丝络速递™

Image: Mohamed Mahmoud Hassan, Financial Advisor, Publicdomainpictures.net

Multiple sino-foreign wealth management joint ventures have been established in China. How will such joint ventures help foreign financial institutions accelerate their growth in China and improve the quality of wealth management services in the country? In return, how will Chinese banks leverage their foreign partners’ strengths to expand and deepen their presence in the global market?

多家中外合资理财企业已在中国成立。这些合资企业将如何帮助外国金融机构加快在中国的发展，并且提高中国财富管理服务的质量？同时，中资银行将如何利用其外国合作伙伴的优势来扩大和深化其在全球市场的影响力？Read more

CNOOC, Carbon Neutrality Goals, & Record-High Oil Production

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In: Environment | 环境, SinoExpress™ | 丝络速递™

Image: Mohamed Mahmoud Hassan, Oil Rig Engineer, Publicdomainpictures.net

CNOOC attributed its excellent operating results for the first three quarters of 2022 to higher international oil prices and increased sales volume. In light of these impressive results and the company’s record-high oil production, is CNOOC still on track to accomplish its own carbon peaking and carbon neutrality goals?

中海油将其2022年前三季度优异的业绩表现归因于国际油价上涨和销量的增加。鉴于这些亮眼的业绩表现和该公司创纪录的石油产量，中海油是否仍有望实现其碳达峰和碳中和目标？Read more

China’s Attempt to End Chaos Associated with Internet Pop-Up Windows

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In: Invention & Technology | 发明与技术, SinoExpress™ | 丝络速递™

Image: Rawpixel.com/Shutterstock.com

China has a new set of rules to regulate the Internet pop-up information push services. Are there similar rules in other countries? Do the new rules have limitations that may make enforcement challenging?

中国有一套新规则对互联网弹窗信息推送服务作出规范。其他国家有类似的规则吗？新规则是否有一些限制，会给执法带来挑战？Read more

China’s New Measure for New Energy Automobiles

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In: Environment | 环境, SinoExpress™ | 丝络速递™

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China just announced that new energy automobiles purchased in 2023 will be exempt from automobile purchase tax. Have new energy automobiles been proven to be a truly effective means for a country to reduce its carbon emissions?

中国刚宣布在2023年购置的新能源汽车将免征车辆购置税。新能源汽车是否已被证明为能让一个国家减少碳排放的真正有效的方法？Read more

Shanghai Puts Artificial Intelligence on the Fast Track

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In: Invention & Technology | 发明与技术, SinoExpress™ | 丝络速递™

Image: TZIDO SUN/Shutterstock.com

The Regulation of Shanghai Municipality on Promoting the Development of Artificial Intelligence Industries regulates a wide range of activities related to artificial intelligence. This broad coverage and the incentive measures will likely attract more foreign capital and talent to Shanghai.

《上海市促进人工智能产业发展条例》规范了很多与人工智能相关的活动。这种广泛的覆盖面和所有激励措施，可能会吸引更多的外国资本和人才到上海。Read more

China Helps Inspect Audit Records of U.S.-Listed Chinese Companies

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In: Finance | 金融, SinoExpress™ | 丝络速递™

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Will the current China-assisted inspection allow the U.S. Public Company Accounting Oversight Board (the “PCAOB”) to make a determination by the end of 2022 that is favorable to the U.S.-listed Chinese companies? If yes, will this help de-escalate the tension between China and the United States, to the extent that the two countries will be able to collaborate more to jointly tackle complex global issues?

目前得到中国协助的检查是否能让美国上市公司会计监督委员会（PCAOB）在2022年底前做出有利于在美上市的中国公司的决定？ 如果是，这是否有助于缓和中美之间的紧张关系，使两国能够加强合作，共同应对复杂的全球性问题？Read more

China is One Step Closer to the Digital Economy Partnership Agreement

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The Digital Economy Partnership Agreement (the “DEPA”) Joint Committee formally established a group to examine China’s application to join the agreement. How will the prospects of joining the DEPA further accelerate the development of China’s cross-border e-commerce in Asia, Latin America, and Oceania? Will China’s effort to join the DEPA help bring Chinese law in line with the international standards stated in the agreement?

《数字经济伙伴关系协定》（DEPA）联合委员会正式成立工作组，查考中国加入该协定的申请。加入DEPA的前景将如何进一步加速中国跨境电子商务在亚洲、拉丁美洲和大洋洲的发展？中国为了加入 DEPA而作出的努力是否会有助于中国法律与该协定所规定的国际标准接轨？Read more

China Speeds Up the Realization of the Metaverse

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In: Invention & Technology | 发明与技术, SinoExpress™ | 丝络速递™

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A wave of Metaverse heat has been spreading across China. Governments in many cities in China have rolled out their action plans to push the development of the Metaverse. What actions have technological companies in China taken to seize these opportunities? How can foreign parties ride this Metaverse heat wave to optimize their gains in China?

一波元宇宙热浪正在中国蔓延开来。中国很多城市的政府都推出了推动元宇宙发展的行动计划。中国的科技公司采取了哪些行动来抓住这些机遇？外方可以如何乘着这热浪增加其在中国的收益？Read more

Transferring Data from China Could Become Costly & Difficult

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In: Data & Privacy | 数据与隐私, SinoExpress™ | 丝络速递™

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How will the security assessment process stated in the Measures for the Security Assessment of Outbound Data Transfers impact the operations of foreign companies in China? Are there any practical insights that can be shared to enable data processors to go through the process fairly smoothly?

《数据出境安全评估办法》规定的安全评估过程将如何影响外国公司在中国的运营？是否有任何实用的见解可以分享，以使数据处理者能够相当顺利地完成整个过程？Read more

China’s NEW Futures and Derivatives Law Provides Legal Certainty

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In: Finance | 金融, SinoExpress™ | 丝络速递™

Image: Pavel Ignatov/Shutterstock.com

China’s new Futures and Derivatives Law recognizes close-out netting, offering much-needed legal certainty to foreign parties who trade with counterparties in China. Given the current price volatility around the world, to what extent can this new law provide foreign investors with an effective tool to help them manage risks? What additional changes should be considered to strengthen the regulation of futures and derivatives in China so as to further promote investors’ confidence?

中国新的《期货和衍生品法》承认终止净额结算，为与中国方进行交易的外方提供了急需的法律确定性。鉴于当前世界各地的价格波动，《期货和衍生品法》能在多大程度上为外国投资者提供有效的工具来帮助他们管理风险？还应该考虑哪些改变来加强中国对期货和衍生品的监管，从而进一步提振投资者的信心？Read more

China’s First Import of Fresh Avocadoes from Africa

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Image: Alexander Lukatskiy/Shutterstock.com

The first batch of fresh avocados shipped to China from Kenya, Africa’s largest avocado exporter, just reached Shanghai. The shipment has arrived amid the growing trade between China and Africa. What aspects of China–Africa relations, apart from trade relations, are expected to show significant progress in the near future? Are there any challenges China and/or Africa will need to face as they turn towards expanding cooperation?

从非洲最大的牛油果出口国肯尼亚运往中国的第一批新鲜牛油果刚刚抵达上海。这批货物运抵之际，正值中非贸易日益增长之时。除了贸易关系外，中非关系的哪些方面也有望在不久的将来取得重大进展？中国和/或非洲在扩大合作时是否需要面对一些挑战？Read more

China–Europe Freight Trains Are Being Upgraded

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Image: Denis Belitsky/Shutterstock.com

China–Europe freight trains travel along more than 80 routes to connect nearly 200 cities in 24 European countries. In light of the win-win results for China and the countries along the routes, China has vowed to upgrade the service of these trains by establishing “international cooperation networks” and strengthening its support for cross-border e-commerce. What specific measures have been taken or agreed upon?

中欧班列已开通80多条线路，连接欧洲24个国家近200个城市。鉴于中国与沿线国家的双赢结果，中国明确表示会通过建立“国际合作网络”和加强对跨境电子商务的支持来提升这些列车服务的发展。这些国家已采取或商定了哪些具体措施？Read more

Two “Administrative Rulings” for Patent Infringement Disputes

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In: Invention & Technology | 发明与技术, SinoExpress™ | 丝络速递™

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The China National Intellectual Property Administration rendered its first two “administrative rulings” to resolve two “patent infringement disputes that have significant impact across the country”. From a patentee’s point of view, what are the pros and cons of using this avenue, instead of litigation, to protect one’s patent?

中国国家知识产权局作出其首批两个“行政裁决”，以解决两起“在全国有重大影响的专利侵权纠纷”。从专利权人的角度来看，使用这种途径而不是诉讼来保护专利有哪些利弊？Read more

Didi Fined Over 8 Billion Yuan. Now What?

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In: Data & Privacy | 数据与隐私, SinoExpress™ | 丝络速递™

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Didi is fined over 8 billion yuan for violating various laws in China, including the Personal Information Protection Law. Is the fine reasonable? Will this amount become a standard penalty and/or will it be referenced in similar cases or for similar companies? Also, Didi is reportedly considering soliciting a state-owned enterprise to become a shareholder in order to reduce regulatory risks. What implications does this have for other companies?

滴滴因违反包括《个人信息保护法》在内的中国法律而被罚款超过 80 亿元。罚金数额是否合理？将来，该金额是否会成为标准罚款和/或是否会在类似案件或类似公司中作为参考？此外，根据报道，滴滴公司考虑会引入国企股东，以降低监管风险。这对其他公司带来什么启示？Read more

Australia’s FIRST Islamic Bank & Implications for China

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In: Finance | 金融, SinoExpress™ | 丝络速递™

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Now, Australia has its very first licensed Islamic bank. What can we learn from Islamic finance? Is Islamic finance a trend happening around the world?

澳大利亚刚拥有其首家获得许可的伊斯兰银行。我们可以从伊斯兰金融中学到什么？伊斯兰金融是世界各地正在发生的趋势吗？Read more

Construction of the China–Kyrgyzstan–Uzbekistan Railway Begins

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Image: Rastislav Kostelny/Shutterstock.com

The construction of the China–Kyrgyzstan–Uzbekistan Railway formally begins. Will it offer Kyrgyzstan and its neighboring countries unprecedented opportunities to become a hub of economic activities?

中吉乌铁路的建设正式展开。它会为吉尔吉斯斯坦及其周边国家成为经济活动中心提供前所未有的机会吗？Read more

15 Typical Cases Related to Environment and Climate Change

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In: Environment | 环境, SinoExpress™ | 丝络速递™

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China released 15 Typical Cases collectively identified as the Typical Cases of Environmental Resource Adjudication of People’s Courts in 2021. You’re welcome to share/read insights that are not apparent from the simple reading of these Typical Cases.

中国发布了《2021年度人民法院环境资源审判典型案例》，共计15个。欢迎分享/阅读从这些典型案例的简单阅读中看不到的见解。Read more