1. China’s CSRC & 7 Departments Crack Down on Illegal Cross-Border Securities Activities link

Eight authorities including the China Securities Regulatory Commission jointly issued the Implementation Plan for Comprehensive Rectification of Illegal Cross-border Securities, Futures and Fund Business Activities. It explicitly bans overseas institutions from illegally providing account opening, trading, fund transfer and other services within the country in any form, and sets a two-year concentrated rectification period to clear existing illegal businesses. The plan also proposes strengthening cross-border regulatory cooperation and full-chain governance covering securities supervision, foreign exchange administration, cyber governance and…