The CAC said it supports the healthy development of China's internet companies and their use of overseas capital markets for fundraising.
August 24, 2022The fine is seen as a sign that China's regulatory crackdown in the tech sector is winding down. Didi is expected to be able to resume normal operations.
July 22, 2022The violations included failure to confirm the real identities of users, conduct checks on unusual transactions, and report major risks in a timely manner.
July 20, 2022Vice Premier Liu He suggested China will support the platform economy and improve its handling of relations with private companies.
May 19, 2022The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.
January 26, 2022Continued regulatory scrutiny from Chinese and US regulators has reportedly compelled US exchanges to explore IPO hopefuls from India, Indonesia, Vietnam and Malaysia.
December 24, 2021The blacklist is expected to target new companies in sensitive sectors that use VIE structures to run their China businesses.
December 10, 2021China Citic Bank and a Baidu unit are among the latest to be fined. The SAMR's anti-monopoly bureau has been elevated to a separate state-level bureau.
November 25, 2021About half China's major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.
November 3, 2021Chinese issuers with VIE structures will have to "prominently and clearly" disclose that they face uncertainty about future actions by the Chinese government.
July 31, 2021