Regulatory Tightening and Geopolitical Risks

US blacklist expands to 187 firms, SEC crackdown on Chinese listings, FCC bans humanoid robots. China retaliates with rare-earth threats and export controls on 14 EU firms. Revised IC layout IP rules with punitive damages up to 5x. PC makers face Pentagon list pressure over CXMT adoption. China's quant curbs reduce volatility. Shein faces 40+ IP lawsuits and $6M provisions as it seeks HK IPO.