The Zhitong Finance App learned that on August 20, the Ministry of Commerce held a regular press conference. Ministry of Commerce spokesman He Yadong said that China has always opposed the European side's misuse of unilateral tools such as the Foreign Subsidies Regulations (FSR) to suppress Chinese enterprises. In May of this year, the Chinese side issued a ban on enforcement for the first time in the Tongfang Weishi case. Recently, in the JD case, the European side also arbitrarily unreasonably requested extensive information from relevant banking institutions in China that had nothing to do with the investigation. In this regard, on the basis of thorough investigation, the relevant departments of the Chinese government determined, in accordance with the “Regulations of the People's Republic of China on Anti-Improper Extra-Territorial Jurisdiction of Foreign Countries”, that the relevant cross-border investigation practices taken by the European side against the relevant Chinese entities in the FSR investigation against JD constituted improper extraterritorial jurisdiction measures, and requested that no organization or individual implement or assist in implementing the measures.

Zhitongcaijing · 1d ago
The Zhitong Finance App learned that on August 20, the Ministry of Commerce held a regular press conference. Ministry of Commerce spokesman He Yadong said that China has always opposed the European side's misuse of unilateral tools such as the Foreign Subsidies Regulations (FSR) to suppress Chinese enterprises. In May of this year, the Chinese side issued a ban on enforcement for the first time in the Tongfang Weishi case. Recently, in the JD case, the European side also arbitrarily unreasonably requested extensive information from relevant banking institutions in China that had nothing to do with the investigation. In this regard, on the basis of thorough investigation, the relevant departments of the Chinese government determined, in accordance with the “Regulations of the People's Republic of China on Anti-Improper Extra-Territorial Jurisdiction of Foreign Countries”, that the relevant cross-border investigation practices taken by the European side against the relevant Chinese entities in the FSR investigation against JD constituted improper extraterritorial jurisdiction measures, and requested that no organization or individual implement or assist in implementing the measures.