market regulation Archives

Chinese Regulator Requires Rectification of Illegal Cross-border Operations of Brokerages Futu and UP Fintech

China's Securities Regulatory Commission said on December 30 that online brokerages Futu Holding and UP Fintech Holding have conducted cross-border securities businesses involving domestic investors without regulatory consent, contravening Chinese laws.

Chinese Regulators Clamp Down on Virtual Currency Publicity Stunts

Since the beginning of this year, the Cyberspace Administration of China has introduced measures to clean up illegal information, accounts and websites that have constituted so-called "publicity stunts" regarding virtual currency.

China’s National Standards for E-Cigarettes to Begin October 1

China's market regulator recently approved mandatory national standards for e-cigarettes that will become effective on October 1, 2022.

Chinese Regulators Curb on Live-streaming Industry

According to an announcement on Wednesday by China's State Taxation Administration, three government departments in the country recently issued documents regulating live-streaming profit-making.

Chinese Regulators Deny Restricting IPOs for Xiaomi-Related Firms

News emerged recently that regulatory authorities in China had investigated projects involving Xiaomi's industry chain that are currently under review by Shanghai's STAR Market and ChiNext.

China Tightens Controls on E-Cigarettes

China's vaping and e-cigarettes industry witnessed two critical developments on Friday. New detailed regulations and draft of "Chinese E-Cigarette National Standards" were published.

Online Car-hailing Platforms, Including Didi, Interviewed by Authorities

Several regulatory authorities in China's Henan Province jointly interviewed five online car-hailing companies including DiDi Global Inc., Jiangnan Chuxing, Quanmin Chuxing, Partake and Cuichi Travel.

China’s 2021 Imports and Exports Hit $6 Trillion for First Time

Officials in Beijing held a press conference on Friday morning, during which Li Kuiwen, spokesperson of the General Administration of Customs, disclosed that China's foreign trade has achieved rapid growth in the previous year.

New SOE China Rare Earth Group Established to Strengthen Dominance of Industry

China Rare Earth Group Co., Ltd., a state-owned enterprise (SOE), was established on Thursday in eastern China's Jiangxi Province.

Huobi Initiates Removal of Tens of Millions of Chinese Users, Internal Structure Greatly Adjusted

On December 14 and 15, the company will stop the currency filling and currency trading business of Chinese mainland users.

China Releases Major Draft Standards for Vaping Industry, Market Concentration Likely

A group of Chinese government bodies on Tuesday afternoon released comprehensive draft standards for vaping and e-cigarettes.

China Amends Tobacco Monopoly Law to Include E-Cigarettes

On the evening of November 26, China amended its tobacco monopoly law to include e-cigarettes, stepping up regulation of the fast-growing vaping industry in the world's largest tobacco market.

Meituan Receives $533.8 Million Fine for Monopolistic Behavior in Online Food Delivery Service Market

China's State Administration for Market Regulation on October 8 reached a decision to penalize domestic food delivery giant Meituan.

Chinese Authorities Summon Gaming Firms Including Tencent and NetEase

On Wednesday, Chinese market regulators summoned Tencent, NetEase and other key online game companies, account rental and sales platforms and livestreaming platforms.

Former Mayor of China’s Largest Municipality Huang Qifan Interprets Why Beijing Scrutinized the Internet Industry

The 2021 (20th) China Internet Conference organized by the Internet Society of China was held in Beijing from July 13 to 15. Huang Qifan, former mayor of Chongqing, spoke at the event.

Meituan To Implement Guidance on Safeguarding the Rights of Food Deliverymen

On Monday night, in response to the guidance of the regulatory authorities on safeguarding the rights of food deliverymen in the afternoon, Chinese food delivery giant Meituan said that it had launched several rounds of research and would implement the guidance.