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PRC Rules on Improper Extraterritorial Jurisdiction: Key Takeaways and Implications for Foreign-invested Banks
On 7 April 2026, the State Council of the People's Republic of China promulgated the Regulations of the PRC on Countering Improper Extraterritorial Jurisdiction by Foreign States (the "Regulations"). As the first State Council–level administrative regulation specifically addressing foreign extraterritorial measures targeting Chinese entities and individuals, the issuance of the Regulations marks a significant evolution of China's response to foreign "long-arm jurisdiction". These Regulations are intended to provide greater structural clarity for multinational enterprises navigating conflicts between PRC law and foreign sanctions, export controls, court orders, and other extraterritorial regulatory measures. To facilitate the understanding of the Regulations, we set out below the key points of the Regulations and their practical implications for foreign-invested banks.
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China New Biomedical Technology Regulations (Order No. 818) Enter into Force – Dual-Track System for Product Registration / Clinical Translation and Application Finally Takes Effect
In recent years, with the rapid development of cutting-edge biomedical technologies such as cell therapy, assisted reproductive technology, and brain-computer interfaces technology, a large number of enterprises have invested in R&D activities in related fields. Regulatory authorities have also been continuously exploring a dual-track regulatory framework for "drugs/medical devices" and "technologies". On November 29, 2024, the Standing Committee of the Seventh People's Congress of Hainan Province reviewed and adopted the Regulations on the Promotion of New Biomedical Technologies in the Boao Lecheng International Medical Tourism Pilot Zone of the Hainan Free Trade Port. On January 24, 2025, the Health Commission of Hainan Province issued the Implementation Measures for the Translation and Application of New Biomedical Technologies in the Boao Lecheng International Medical Tourism Pilot Zone of the Hainan Free Trade Port (Provisional) (the aforementioned documents are collectively referred to as the "Hainan Boao Regulations"), under which a pilot program was launched in the pilot zone for the clinical study, translation and application of new biomedical technologies.
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The Arrival of the Web3 Era: Taking stock of HK Court Decisions Relating to Digital Assets
With the rapid development of fintech, investment and trading in digital assets has become increasingly popular. As an international financial centre, Hong Kong has not only established responsive regulatory frameworks in relation to digital assets, its jurisprudence has also evolved in step with emerging technologies and we have seen legal principles applied to cryptocurrency-related disputes and attempts made to freeze digital assets using innovative methods. These measures enhance investor protection and foster confidence in the digital asset market, and enhance investors' willingness to adopt Hong Kong law as the governing law for transactions involving digital assets. This article serves to introduce and take stock of recent judicial decisions relating to digital assets.
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Han Kun
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