Authored by: Guan Feng (James) , Zhao Guannan and Huang Yabing
Amid growing global complexity and instability, China enacted the Anti-Foreign Sanctions Law (AFSL) in 2021, providing a legal framework for countering undue foreign sanctions. Following four years of deliberation, the State Council introduced the Regulations on the Implementation of the Anti-Foreign Sanctions Law (New Regulations) on 23 March 2025, refining operational rules and strengthening enforceability. This article provides a practical analysis of the key aspects of the New Regulations from the perspective of financial institutions’ business operations, which are notable for financial institutions’ reference.