In August 2021, the People's Bank of China and other four authorities jointly released the “Notice on Promoting the Healthy Development of the Credit Rating Industry in the Bond Market”(關于促進債券市場信用評級行業健康發展的通知), laying out regulations on bond credit rating.
In July 2021, China's Ministry of Commerce reported on the national online retail market in the first half of 2021, showing a total of CNY 6.11 trillion sales in this period, with a year-on-year increase of 23.2 %.
Driven by China's cultural tradition and judicial practice, it is common to see the de facto 6-month cooling-off period in litigation, which may be reinforced by the 'cooling-off period for mutual consented divorce' in the Civil Code.
In July 2021, Beijing Intellectual Property Court rendered the first-instance judgment on the trademark infringement and unfair competition case between the investors of the TV drama ‘Ipartment’ and the movie with the same title.
In July 2021, for the purpose of countermeasure, China announced sanctions being imposed on seven US individuals and entities, which is the first time that the Anti-Foreign Sanctions Law being applied since its implementation.
In July 2021, China's Ministry of Justice released the “Arbitration Law of the People’s Republic of China (Revised)”(《中華人民共和國仲裁法(修訂)(征求意見稿)》) to solicit public comments.
In July 2021, MOFCOM and other two authorities jointly issued “Working Guidelines for Outbound Investment and Cooperation on Digital Economy”(數字經濟對外投資合作工作指引), which encourages enterprises to seize opportunities in overseas digital infrastructure markets and pay attention to the prevention and control of risks.
In July 2021, the SPC issued "Provisions on Several Issues Concerning the Application of Law in the Trial of Civil Cases Involving the Use of Facial Recognition Technologies to Process Personal Information" (關于審理使用人臉識別技術處理個人信息相關民事案件適用法律若干問題的規定), stipulating relevant tort liabilities and contractual rules, etc.
In July 2021, the Supreme People’s Procuratorate issued the “Rules on the Supervision of Civil Proceedings by People's Procuratorates”(人民檢察院民事訴訟監督規則) , which, for the first time, includes sham litigation into the scope of cases that procuratorates may initiate supervisory proceedings ex officio.